Secure Energy Services (TSE:SES) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Secure Energy Services Inc. (TSE:SES) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.26 and traded as low as C$17.26. Secure Energy Services shares last traded at C$17.71, with a volume of 429,627 shares traded.

Analyst Ratings Changes

Several research firms recently issued reports on SES. Raymond James Financial lifted their price objective on Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. National Bankshares raised their target price on Secure Energy Services from C$18.50 to C$23.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Scotiabank cut Secure Energy Services from an “outperform” rating to a “hold” rating and boosted their price target for the stock from C$19.00 to C$22.00 in a research report on Friday, October 10th. Stifel Nicolaus increased their price objective on Secure Energy Services from C$17.50 to C$23.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, CIBC lifted their target price on shares of Secure Energy Services from C$16.25 to C$19.00 in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$20.44.

Secure Energy Services Stock Performance

The stock has a 50-day moving average of C$17.51 and a 200 day moving average of C$17.27. The stock has a market cap of C$3.86 billion, a PE ratio of 36.14, a P/E/G ratio of 0.17 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24.

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.