Secure Energy Services (TSE:SES) Price Target Cut to C$20.00 by Analysts at Scotiabank

Secure Energy Services (TSE:SES) had its price objective decreased by Scotiabank from C$21.50 to C$20.00 in a research report released on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. CIBC increased their target price on Secure Energy Services from C$16.25 to C$19.00 in a research note on Wednesday, October 15th. National Bankshares increased their price objective on Secure Energy Services from C$18.50 to C$23.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Stifel Nicolaus boosted their target price on Secure Energy Services from C$17.50 to C$23.50 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Raymond James Financial raised their price target on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$20.19.

Secure Energy Services Trading Up 1.4%

TSE:SES opened at C$17.69 on Wednesday. The company’s 50 day moving average price is C$17.50 and its 200-day moving average price is C$17.31. Secure Energy Services has a 52 week low of C$12.04 and a 52 week high of C$21.15. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The stock has a market cap of C$3.85 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 0.17 and a beta of 0.81.

About Secure Energy Services

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions.