ATB Cormark Capital Markets Issues Positive Forecast for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES) had its price objective raised by ATB Cormark Capital Markets from C$21.00 to C$23.00 in a report published on Monday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the stock. Raymond James Financial upped their price target on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Scotiabank lifted their price objective on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday. 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 report on Monday. BMO Capital Markets raised their target price on Secure Energy Services from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on Secure Energy Services from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$21.63.

Secure Energy Services Stock Performance

SES opened at C$19.41 on Monday. The company has a market cap of C$4.23 billion, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 0.17 and a beta of 0.67. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The firm’s 50-day moving average price is C$17.67 and its 200-day moving average price is C$17.69. Secure Energy Services has a 52-week low of C$12.04 and a 52-week high of C$21.15.

Secure Energy Services News Summary

Here are the key news stories impacting Secure Energy Services this week:

• Positive Sentiment: Royal Bank of Canada raised its target to C$21.00 and left a “sector perform” rating — implies roughly ~8% upside from current levels. Article Title
• Positive Sentiment: National Bank Financial bumped its target to C$21.00 and maintained “sector perform” — similar ~8% implied upside. Article Title
• Positive Sentiment: Scotiabank raised its target to C$21.00 with a “sector perform” rating — again ~8–9% upside implied. Article Title
• Positive Sentiment: BMO Capital Markets lifted its target to C$20.00 and kept a “market perform” rating — a smaller implied upside (~3%). Article Title
• Positive Sentiment: ATB Cormark raised its target to C$23.00 with a “sector perform” rating — implies high-teens upside (~19%). Article Title
• Positive Sentiment: Stifel Nicolaus moved its target sharply higher to C$26.00 and assigned a “buy” — the most bullish call here, implying ~34% upside; this is the standout upgrade likely to attract investor attention. Article Title TickerReport

About Secure Energy Services

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.