Secure Energy Services (TSE:SES) Price Target Raised to C$21.00

Secure Energy Services (TSE:SES) had its price objective raised by equities researchers at National Bank Financial from C$19.00 to C$21.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 8.25% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Raymond James Financial lifted their price target on Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus boosted their target price on Secure Energy Services from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Scotiabank dropped their price target on shares of Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$21.63.

Secure Energy Services Stock Down 2.7%

Shares of SES traded down C$0.54 during midday trading on Monday, reaching C$19.40. The stock had a trading volume of 266,789 shares, 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 company’s fifty day simple moving average is C$17.62 and its two-hundred day simple moving average is C$17.67. The company has a market cap of C$4.23 billion, a price-to-earnings ratio of 39.59, a PEG 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.

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.