Secure Energy Services Inc. (TSE:SES) Given Consensus Recommendation of “Hold” by Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$21.63.

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Secure Energy Services from C$23.50 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. National Bank Financial boosted their target price on shares of 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, February 23rd. BMO Capital Markets raised their price target on shares of 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, February 23rd. Scotiabank upped their price objective on Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada raised their target price on Secure Energy Services from C$18.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd.

Secure Energy Services Stock Performance

Shares of Secure Energy Services stock opened at C$19.35 on Monday. The business’s fifty day simple moving average is C$18.03 and its 200 day simple moving average is C$17.89. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 145.08. Secure Energy Services has a 12 month low of C$12.04 and a 12 month high of C$21.15. The firm has a market capitalization of C$4.20 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 0.17 and a beta of 0.76.

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.