Secure Energy Services Inc. (TSE:SES) Receives C$21.63 Consensus Price Target from Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$21.63.

Several research analysts have recently commented on the stock. ATB Cormark Capital Markets raised their price objective on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Royal Bank Of Canada upped their target price on shares of Secure Energy Services from C$18.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Stifel Nicolaus increased their target price on shares of Secure Energy Services from C$23.50 to C$26.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. BMO Capital Markets raised their price target on shares of Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research report on Monday, February 23rd. Finally, National Bank Financial boosted their price target on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd.

Secure Energy Services Price Performance

SES opened at C$21.90 on Friday. The stock’s 50-day moving average price is C$19.70 and its 200 day moving average price is C$18.56. Secure Energy Services has a 12-month low of C$12.04 and a 12-month high of C$23.00. The firm has a market cap of C$4.75 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 0.17 and a beta of 0.76. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 145.08.

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.