Secure Energy Services (TSE:SES) Price Target Cut to C$19.50 by Analysts at Scotiabank

Secure Energy Services (TSE:SES) had its price objective reduced by research analysts at Scotiabank from C$22.00 to C$19.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 54.64% from the company’s previous close.

A number of other research firms have also recently weighed in on SES. CIBC boosted their price objective on shares of Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday, December 17th. Raymond James increased their price target on Secure Energy Services from C$16.25 to C$18.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada set a C$17.00 target price on Secure Energy Services and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$18.03.

Secure Energy Services Price Performance

Shares of Secure Energy Services stock traded down C$0.02 during trading hours on Tuesday, hitting C$12.61. The company’s stock had a trading volume of 804,343 shares, compared to its average volume of 822,334. The business has a 50 day moving average price of C$14.74 and a two-hundred day moving average price of C$15.03. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. Secure Energy Services has a 12-month low of C$10.81 and a 12-month high of C$17.13. The company has a market cap of C$2.93 billion, a PE ratio of 4.94, a PEG ratio of 0.17 and a beta of 2.41.

About Secure Energy Services

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.