Secure Energy Services (TSE:SES) Hits New 1-Year High – Here’s Why

Secure Energy Services Inc. (TSE:SES) hit a new 52-week high during trading on Monday . The stock traded as high as C$22.86 and last traded at C$22.86, with a volume of 41456 shares trading hands. The stock had previously closed at C$22.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SES shares. Stifel Nicolaus increased their price objective on Secure Energy Services from C$23.50 to C$26.00 and gave the company a “buy” rating in a report on Monday, February 23rd. BMO Capital Markets boosted their target price on shares of Secure Energy Services from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a report on Monday, February 23rd. ATB Cormark Capital Markets increased their price target on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. National Bank Financial lifted their price objective on shares of 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, February 23rd. Finally, Scotiabank boosted their price objective on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$21.63.

Secure Energy Services Price Performance

The company has a 50 day moving average price of C$19.27 and a 200-day moving average price of C$18.38. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 145.08. The company has a market cap of C$4.95 billion, a price-to-earnings ratio of 42.31, a P/E/G ratio of 0.17 and a beta of 0.76.

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.