Brokerages Set Secure Energy Services Inc. (TSE:SES) Target Price at C$23.16

Secure Energy Services Inc. (TSE:SES) has been given an average rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$23.16.

A number of brokerages have weighed in on SES. Stifel Nicolaus lowered Secure Energy Services from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$26.00 to C$23.00 in a research note on Tuesday, April 14th. Scotiabank raised their price objective on Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Royal Bank Of Canada raised their price objective on Secure Energy Services from C$18.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce lowered Secure Energy Services from a “neutral” rating to a “tender” rating and raised their price objective for the company from C$22.50 to C$24.75 in a research note on Tuesday, April 14th. Finally, BMO Capital Markets raised their price objective on Secure Energy Services from C$20.00 to C$24.75 in a research note on Tuesday, April 14th.

Secure Energy Services Price Performance

SES stock opened at C$21.31 on Wednesday. The company has a debt-to-equity ratio of 151.35, a quick ratio of 1.10 and a current ratio of 1.37. Secure Energy Services has a 1 year low of C$14.90 and a 1 year high of C$23.90. The firm has a market cap of C$4.65 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 0.17 and a beta of 0.22. The stock has a 50-day simple moving average of C$21.84 and a 200-day simple moving average of C$19.85.

Secure Energy Services Company Profile

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.