Secure Energy Services (TSE:SES) Hits New 1-Year High – Here’s Why

Secure Energy Services Inc. (TSE:SES) shares reached a new 52-week high on Monday . The company traded as high as C$22.86 and last traded at C$22.86, with a volume of 41456 shares traded. The stock had previously closed at C$22.40.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Secure Energy Services from C$18.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. ATB Cormark Capital Markets lifted their price target on Secure Energy Services from C$21.00 to C$23.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Stifel Nicolaus boosted 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 report on Monday, February 23rd. Scotiabank raised their target price on Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Finally, National Bank Financial lifted their target price on 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, February 23rd. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$21.63.

Secure Energy Services Stock Up 2.0%

The firm has a market capitalization of C$4.95 billion, a PE ratio of 42.31, a P/E/G ratio of 0.17 and a beta of 0.76. The stock has a 50-day simple moving average of C$19.27 and a 200-day simple moving average of C$18.38. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 145.08.

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.