Secure Energy Services (TSE:SES) Lowered to “Market Perform” Rating by Raymond James Financial

Raymond James Financial cut shares of Secure Energy Services (TSE:SES) from an outperform rating to a market perform rating in a report released on Tuesday morning,BayStreet.CA reports. They currently have C$24.75 target price on the stock, up from their previous target price of C$22.00.

A number of other brokerages also recently issued reports on SES. Scotiabank lifted their price target 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, February 23rd. Stifel Nicolaus lifted their price target on shares of 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 lifted their price target on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Royal Bank Of Canada lifted their price target on shares of Secure Energy Services from C$18.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Finally, ATB Cormark Capital Markets lifted their price target on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Secure Energy Services has an average rating of “Hold” and a consensus target price of C$22.91.

Secure Energy Services Trading Up 0.0%

Shares of SES stock opened at C$22.45 on Tuesday. Secure Energy Services has a fifty-two week low of C$12.46 and a fifty-two week high of C$23.90. The company has a 50 day moving average price of C$20.33 and a 200 day moving average price of C$18.71. The company has a debt-to-equity ratio of 145.08, a quick ratio of 1.10 and a current ratio of 1.21. The stock has a market capitalization of C$4.87 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 0.17 and a beta of 0.27.

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.