Secure Energy Services Inc. (TSE:SES) Receives C$17.86 Consensus PT from Brokerages

Secure Energy Services Inc. (TSE:SES) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$17.86.

Several analysts recently weighed in on the company. CIBC increased their price target on Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday, December 17th. Raymond James increased their price target on Secure Energy Services from C$16.25 to C$18.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada set a C$17.00 price target on Secure Energy Services and gave the company a “sector perform” rating in a report on Thursday, December 19th.

Secure Energy Services Stock Up 0.7 %

Shares of SES opened at C$13.60 on Thursday. The stock has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 5.33, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 1 year low of C$10.81 and a 1 year high of C$17.13. The business’s 50 day simple moving average is C$15.24 and its 200-day simple moving average is C$14.53. 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 Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.