Secure Energy Services Inc. (TSE:SES) Receives Average Rating of “Moderate Buy” from Analysts

Secure Energy Services Inc. (TSE:SES) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$18.09.

Several analysts recently issued reports on SES shares. Scotiabank reduced their price target on Secure Energy Services from C$22.00 to C$19.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. CIBC reduced their target price on shares of Secure Energy Services from C$17.25 to C$15.25 in a research report on Thursday, April 10th. Raymond James lifted their price objective on shares of Secure Energy Services from C$16.25 to C$18.00 in a research note on Monday, February 24th. Finally, BMO Capital Markets cut their price objective on shares of Secure Energy Services from C$20.00 to C$18.00 in a report on Thursday, April 17th.

Secure Energy Services Trading Up 2.2 %

Shares of SES stock opened at C$12.81 on Friday. Secure Energy Services has a 12-month low of C$10.82 and a 12-month high of C$17.13. The firm has a 50 day moving average price of C$14.21 and a two-hundred day moving average price of C$15.05. 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 company has a market capitalization of C$2.98 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

Secure Energy Services Company Profile

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.