Secure Energy Services Inc. (TSE:SES) Given Average Recommendation of “Hold” by Analysts

Secure Energy Services Inc. (TSE:SES) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have covered the stock in the last year is C$23.16.

Several equities analysts recently commented on SES shares. Canadian Imperial Bank of Commerce downgraded shares of Secure Energy Services from a “neutral” rating to a “tender” rating and upped their price target for the company from C$22.50 to C$24.75 in a research note on Tuesday, April 14th. Raymond James Financial cut shares of Secure Energy Services from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from C$22.00 to C$24.75 in a research note on Tuesday, April 14th. National Bank Financial boosted their price objective on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. BMO Capital Markets increased their target price on shares of Secure Energy Services from C$20.00 to C$24.75 in a research report on Tuesday, April 14th. Finally, Stifel Nicolaus lowered shares of Secure Energy Services from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$26.00 to C$23.00 in a research report on Tuesday, April 14th.

Secure Energy Services Stock Performance

Shares of TSE SES opened at C$23.29 on Friday. The company has a debt-to-equity ratio of 151.35, a current ratio of 1.37 and a quick ratio of 1.10. The firm has a market cap of C$5.08 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 0.17 and a beta of 0.14. The stock’s fifty day moving average price is C$22.03 and its two-hundred day moving average price is C$20.60. Secure Energy Services has a one year low of C$15.03 and a one year high of C$24.41.

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.