Secure Energy Services (TSE:SES) Stock Price Expected to Rise, National Bank Financial Analyst Says

Secure Energy Services (TSE:SES) had its target price boosted by investment analysts at National Bank Financial from C$19.00 to C$21.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 8.25% from the stock’s current price.

A number of other equities research analysts also recently weighed in on SES. Raymond James Financial boosted their price target on Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus boosted their target price on shares of Secure Energy Services from C$23.00 to C$23.50 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Scotiabank dropped their target price on shares of Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$21.63.

Secure Energy Services Stock Down 2.7%

TSE:SES traded down C$0.54 during mid-day trading on Monday, reaching C$19.40. The stock had a trading volume of 266,789 shares, compared to its average volume of 426,584. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10. The company has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 0.17 and a beta of 0.67. Secure Energy Services has a 1-year low of C$12.04 and a 1-year high of C$21.15. The stock’s 50 day simple moving average is C$17.62 and its two-hundred day simple moving average is C$17.67.

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.