Secure Energy Services Inc. (TSE:SES) Receives C$20.44 Consensus Target Price from Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$19.56.

A number of research analysts recently weighed in on the company. Scotiabank cut their price objective on Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating for the company in a research report on Wednesday. Stifel Nicolaus upped their price target on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. CIBC raised their price objective on shares of Secure Energy Services from C$16.25 to C$19.00 in a research note on Wednesday, October 15th. National Bankshares set a C$18.00 price objective on shares of Secure Energy Services and gave the stock a “sector perform” rating in a report on Friday. Finally, Raymond James Financial upped their target price on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th.

Secure Energy Services Stock Performance

TSE SES opened at C$17.78 on Friday. The stock has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 0.17 and a beta of 0.81. The business’s 50 day moving average is C$17.51 and its two-hundred day moving average is C$17.34. Secure Energy Services has a 12-month low of C$12.04 and a 12-month high of C$21.15. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24.

Secure Energy Services Company Profile

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.