Secure Energy Services (TSE:SES) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Secure Energy Services Inc. (TSE:SES) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.38 and traded as low as C$17.14. Secure Energy Services shares last traded at C$17.57, with a volume of 528,203 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. National Bankshares set a C$18.00 price target on Secure Energy Services and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. CIBC raised their price target on Secure Energy Services from C$16.25 to C$19.00 in a report on Wednesday, October 15th. Finally, Scotiabank lowered their price objective on Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.56.

Secure Energy Services Price Performance

The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a market capitalization of C$3.83 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 0.17 and a beta of 0.81. The business has a fifty day moving average of C$17.44 and a 200-day moving average of C$17.38.

Secure Energy Services Company Profile

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.