Secure Energy Services (TSE:SES) Reaches New 12-Month High – Still a Buy?

Secure Energy Services Inc. (TSE:SES)’s stock price reached a new 52-week high on Friday . The company traded as high as C$24.11 and last traded at C$24.08, with a volume of 201165 shares changing hands. The stock had previously closed at C$22.48.

Analyst Upgrades and Downgrades

SES has been the topic of several recent research reports. National Bank Financial upped 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. Canadian Imperial Bank of Commerce lowered Secure Energy Services from a “neutral” rating to a “tender” rating and lifted their price objective for the stock from C$22.50 to C$24.75 in a report on Tuesday, April 14th. Stifel Nicolaus lowered shares of Secure Energy Services from a “buy” rating to a “hold” rating and cut their price target for the stock from C$26.00 to C$23.00 in a report on Tuesday, April 14th. Raymond James Financial cut Secure Energy Services from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$22.00 to C$24.75 in a research report on Tuesday, April 14th. Finally, BMO Capital Markets upped their target price on Secure Energy Services from C$20.00 to C$24.75 in a research report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$23.16.

Secure Energy Services Trading Up 6.5%

The company has a 50 day moving average of C$21.82 and a 200-day moving average of C$20.14. The stock has a market cap of C$5.22 billion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 0.17 and a beta of 0.22. The company has a debt-to-equity ratio of 151.35, a quick ratio of 1.10 and a current ratio of 1.37.

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.