Secure Energy Services (TSE:SES) Price Target Raised to C$20.00 at BMO Capital Markets

Secure Energy Services (TSE:SES) had its price objective increased by BMO Capital Markets from C$19.00 to C$20.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other equities analysts have also 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 company an “outperform” rating in a report on Tuesday, October 28th. Scotiabank lifted their price target on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday. National Bank Financial increased their price objective on Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, 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. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Secure Energy Services currently has an average rating of “Hold” and a consensus target price of C$21.63.

Secure Energy Services Trading Down 2.7%

Shares of SES stock opened at C$19.41 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.10 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’s 50-day moving average price is C$17.67 and its 200-day moving average price is C$17.69. The stock 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.

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

Secure Energy Services Company Profile

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.