Royal Bank Of Canada Raises Secure Energy Services (TSE:SES) Price Target to C$21.00

Secure Energy Services (TSE:SES) had its price objective hoisted by stock analysts at Royal Bank Of Canada from C$18.00 to C$21.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 8.25% from the stock’s current price.

SES has been the subject of several other reports. Raymond James Financial upped their target price on Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. National Bank Financial lifted their price target on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday. Scotiabank increased their target price on Secure Energy Services from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Monday. BMO Capital Markets lifted their price target on shares of Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Monday. Finally, Stifel Nicolaus upped their price objective on Secure Energy Services from C$23.50 to C$26.00 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$21.63.

Secure Energy Services Price Performance

SES traded down C$0.54 during midday trading on Monday, reaching C$19.40. 266,789 shares of the company’s stock were exchanged, compared to its average volume of 426,584. Secure Energy Services has a 1-year low of C$12.04 and a 1-year high of C$21.15. The stock has a market capitalization of C$4.23 billion, a PE ratio of 39.59, a P/E/G ratio of 0.17 and a beta of 0.67. 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 business’s 50-day moving average price is C$17.62 and its 200 day moving average price is C$17.67.

About Secure Energy Services

SECURE is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta. The Corporation’s extensive infrastructure network located throughout western Canada and North Dakota includes waste processing and transfer facilities, industrial landfills, metal recycling facilities, crude oil and water gathering pipelines, crude oil terminals and storage facilities. Through this infrastructure network, the Corporation carries out its principal business operations, including the collection, processing, recovery, recycling and disposal of waste streams generated by our energy and industrial customers and gathering, optimization, terminalling and storage of crude oil and natural gas liquids.