Secure Energy Services Inc. (TSE:SES) Receives Consensus Rating of “Hold” from Analysts

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$23.16.

SES has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets raised their price objective on 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. Canadian Imperial Bank of Commerce lowered Secure Energy Services from a “neutral” rating to a “tender” rating and raised their price objective for the company from C$22.50 to C$24.75 in a research note on Tuesday, April 14th. Stifel Nicolaus lowered Secure Energy Services from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$26.00 to C$23.00 in a research note on Tuesday, April 14th. BMO Capital Markets raised their price objective on Secure Energy Services from C$20.00 to C$24.75 in a research note on Tuesday, April 14th. Finally, Scotiabank raised their price objective on Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd.

Secure Energy Services Price Performance

Shares of TSE SES opened at C$20.90 on Friday. Secure Energy Services has a fifty-two week low of C$14.74 and a fifty-two week high of C$23.90. The business has a 50 day moving average price of C$22.05 and a two-hundred day moving average price of C$19.45. The company has a quick ratio of 1.10, a current ratio of 1.37 and a debt-to-equity ratio of 151.35. The firm has a market cap of C$4.56 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 0.17 and a beta of 0.38.

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.