Secure Energy Services (TSE:SES) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Secure Energy Services (TSE:SES) had its target price boosted by equities research analysts at Stifel Nicolaus from C$23.00 to C$23.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 28.21% from the company’s current price.

A number of other analysts also recently weighed in on SES. Raymond James Financial boosted their target price on shares of 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. Canadian Imperial Bank of Commerce boosted their price objective on Secure Energy Services from C$16.25 to C$19.00 in a research note on Wednesday, October 15th. National Bankshares set a C$18.00 price objective on Secure Energy Services and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Finally, Scotiabank dropped their target price on Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating for the company in a report 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$19.56.

Secure Energy Services Trading Up 2.3%

SES stock opened at C$18.33 on Friday. The firm has a fifty day moving average price of C$17.40 and a 200 day moving average price of C$17.44. Secure Energy Services has a fifty-two week low of C$12.04 and a fifty-two week high of C$21.15. 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 cap of C$3.99 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 0.17 and a beta of 0.67.

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.