Secure Energy Services (TSE:SES) Sets New 52-Week High – Still a Buy?

Secure Energy Services Inc. (TSE:SES) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$21.37 and last traded at C$21.29, with a volume of 81878 shares traded. The stock had previously closed at C$20.90.

Analysts Set New Price Targets

Several brokerages have weighed in on SES. ATB Cormark Capital Markets boosted their price target 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. Scotiabank raised their price objective on Secure Energy Services from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. BMO Capital Markets lifted their price objective on 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. National Bank Financial upped 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 note on Monday, February 23rd. Finally, Royal Bank Of Canada increased their target price on Secure Energy Services from C$18.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$21.63.

Secure Energy Services Trading Down 0.9%

The firm has a market capitalization of C$4.52 billion, a price-to-earnings ratio of 38.61, 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 business has a fifty day moving average price of C$18.56 and a 200 day moving average price of C$18.09.

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.