Secure Energy Services Inc. (TSE:SES) Receives C$19.56 Average Price Target from Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$19.56.

A number of research analysts have weighed in on the stock. Scotiabank decreased their target price on shares of Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. National Bank Financial set a C$18.00 price objective on Secure Energy Services and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Stifel Nicolaus raised their target price on Secure Energy Services from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Raymond James Financial lifted their price target 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.

Secure Energy Services Price Performance

Shares of SES opened at C$18.84 on Thursday. The company has a 50 day moving average of C$17.46 and a two-hundred day moving average of C$17.51. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. Secure Energy Services has a twelve month low of C$12.04 and a twelve month high of C$21.15. The company has a market cap of C$4.10 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 0.17 and a beta of 0.67.

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.