Secure Energy Services (TSE:SES) Hits New 12-Month High – Time to Buy?

Secure Energy Services Inc. (TSE:SES) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$22.86 and last traded at C$22.86, with a volume of 41456 shares changing hands. The stock had previously closed at C$22.40.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets raised their price target on Secure Energy Services from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. ATB Cormark Capital Markets boosted their price objective on Secure Energy Services from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Stifel Nicolaus increased their target price on Secure Energy Services from C$23.50 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Royal Bank Of Canada raised their target price on Secure Energy Services from C$18.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Finally, National Bank Financial lifted their target price on Secure Energy Services from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$21.63.

Secure Energy Services Stock Performance

The stock has a market capitalization of C$4.73 billion, a PE ratio of 40.43, a P/E/G ratio of 0.17 and a beta of 0.76. The company has a debt-to-equity ratio of 145.08, a quick ratio of 1.10 and a current ratio of 1.21. The firm’s 50 day moving average is C$19.46 and its two-hundred day moving average is C$18.46.

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.