Secure Energy Services (TSE:SES) Sets New 52-Week High – Here’s What Happened

Secure Energy Services Inc. (TSE:SES) reached a new 52-week high during trading on Monday . The stock traded as high as C$23.90 and last traded at C$23.39, with a volume of 468330 shares trading hands. The stock had previously closed at C$21.29.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SES shares. Stifel Nicolaus cut shares of Secure Energy Services from a “buy” rating to a “hold” rating and reduced their target price for the company from C$26.00 to C$23.00 in a report on Tuesday. ATB Cormark Capital Markets raised 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 report on Monday, February 23rd. BMO Capital Markets raised their target price on shares of Secure Energy Services from C$20.00 to C$24.75 in a report on Tuesday. Scotiabank lifted their price objective 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 report on Monday, February 23rd. Finally, Raymond James Financial cut shares of Secure Energy Services from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$22.00 to C$24.75 in a research report on Tuesday. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$22.91.

Secure Energy Services Trading Up 0.0%

The firm has a market capitalization of C$4.87 billion, a PE ratio of 41.57, a PEG ratio of 0.17 and a beta of 0.27. The company’s 50-day moving average price is C$20.33 and its 200-day moving average price is 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.

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.