Secure Energy Services (TSE:SES) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Secure Energy Services (TSE:SES) had its price target raised by analysts at Stifel Nicolaus from C$23.50 to C$26.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 34.02% from the company’s current price.

Several other equities analysts have also recently commented on SES. ATB Cormark Capital Markets boosted their target price on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Monday. Scotiabank raised their target price on Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday. Raymond James Financial boosted their price target on Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. BMO Capital Markets raised their price objective on Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Monday. Finally, National Bank Financial lifted their target price on Secure Energy Services from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Secure Energy Services has an average rating of “Hold” and a consensus target price of C$21.63.

Secure Energy Services Price Performance

Shares of TSE SES traded down C$0.54 during mid-day trading on Monday, reaching C$19.40. The company had a trading volume of 266,789 shares, compared to its average volume of 426,584. The firm has a market cap of C$4.23 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 0.17 and a beta of 0.67. The business’s 50-day simple moving average is C$17.62 and its 200 day simple moving average is C$17.67. Secure Energy Services has a one year low of C$12.04 and a one year high of C$21.15. 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 Company Profile

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.