Secure Energy Services (TSE:SES) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Secure Energy Services Inc. (TSE:SES) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$17.18 and traded as low as C$15.94. Secure Energy Services shares last traded at C$16.40, with a volume of 401,554 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank cut Secure Energy Services from an “outperform” rating to a “hold” rating and raised their target price for the company from C$19.00 to C$22.00 in a research note on Friday, October 10th. CIBC raised their price objective on Secure Energy Services from C$16.25 to C$19.00 in a research report on Wednesday, October 15th. National Bankshares boosted their target price on shares of Secure Energy Services from C$18.50 to C$23.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Stifel Nicolaus increased 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. Finally, Raymond James Financial boosted their price objective on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$20.44.

Secure Energy Services Trading Up 2.7%

The company has a market cap of C$3.67 billion, a P/E ratio of 34.37, a PEG ratio of 0.17 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The stock’s 50 day moving average is C$17.49 and its 200-day moving average is C$17.21.

About Secure Energy Services

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.