Secure Energy Services (TSE:SES) Shares Cross Below 200 Day Moving Average – Time to Sell?

Secure Energy Services Inc. (TSE:SES)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.38 and traded as low as C$17.14. Secure Energy Services shares last traded at C$17.57, with a volume of 528,203 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on SES. Scotiabank lowered their target price on Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Raymond James Financial lifted their price target on Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. National Bankshares set a C$18.00 price objective on Secure Energy Services and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Finally, CIBC lifted their target price on Secure Energy Services from C$16.25 to C$19.00 in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$19.56.

Secure Energy Services Price Performance

The company has a market cap of C$3.83 billion, a P/E ratio of 35.86, a PEG ratio of 0.17 and a beta of 0.81. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10. The company has a fifty day simple moving average of C$17.44 and a 200-day simple moving average of C$17.39.

About Secure Energy Services

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions.