Secure Energy Services (TSE:SES) Given New C$21.00 Price Target at Royal Bank Of Canada

Secure Energy Services (TSE:SES) had its price objective lifted by Royal Bank Of Canada from C$18.00 to C$21.00 in a research note published on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other equities analysts have also issued reports about the stock. BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Monday. Stifel Nicolaus raised their price objective on Secure Energy Services from C$23.50 to C$26.00 and gave the company a “buy” rating in a research report on Monday. National Bank Financial lifted their price objective 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. ATB Cormark Capital Markets boosted their target price on Secure Energy Services from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Scotiabank raised their price target on Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$21.63.

Secure Energy Services Stock Down 2.7%

Shares of Secure Energy Services stock opened at C$19.41 on Monday. Secure Energy Services has a 1 year low of C$12.04 and a 1 year high of C$21.15. The firm has a market cap of C$4.23 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 0.17 and a beta of 0.67. The company has a 50-day moving average of C$17.67 and a 200 day moving average of C$17.69. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10.

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.