Secure Energy Services (TSE:SES) Price Target Raised to C$21.00 at Scotiabank

Secure Energy Services (TSE:SES) had its target price lifted by Scotiabank from C$20.00 to C$21.00 in a research note released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms have also recently commented on SES. Raymond James Financial raised 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 research note on Tuesday, October 28th. National Bank Financial raised 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 report on Monday. Finally, Stifel Nicolaus boosted 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 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$21.63.

Secure Energy Services Stock Down 2.7%

Secure Energy Services stock opened at C$19.41 on Monday. The stock has a 50 day moving average of C$17.67 and a two-hundred day moving average of C$17.69. Secure Energy Services has a twelve month low of C$12.04 and a twelve month high of C$21.15. The stock has a market capitalization 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 current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24.

Trending Headlines about Secure Energy Services

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.