Secure Energy Services (TSE:SES) Lowered to “Tender” Rating by Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce lowered shares of Secure Energy Services (TSE:SES) from a neutral rating to a tender rating in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has C$24.75 target price on the stock, up from their previous target price of C$22.50.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets upped 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 report on Monday, February 23rd. Royal Bank Of Canada increased their target price on shares of Secure Energy Services from C$18.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. National Bank Financial increased 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 report on Monday, February 23rd. Stifel Nicolaus increased their target price on shares of Secure Energy Services from C$23.50 to C$26.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, ATB Cormark Capital Markets increased their target price on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$22.91.

Secure Energy Services Stock Up 0.0%

SES opened at C$22.45 on Tuesday. Secure Energy Services has a twelve month low of C$12.46 and a twelve month high of C$23.90. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 145.08. 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 market cap of C$4.87 billion, a PE 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.