Secure Energy Services (TSE:SES) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Secure Energy Services Inc. (TSE:SES) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.28 and traded as high as C$24.52. Secure Energy Services shares last traded at C$24.31, with a volume of 878,648 shares traded.

Analyst Ratings Changes

SES has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce lowered shares of Secure Energy Services from a “neutral” rating to a “tender” rating and upped their price objective for the company from C$22.50 to C$24.75 in a research report on Tuesday, April 14th. Raymond James Financial downgraded Secure Energy Services from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$22.00 to C$24.75 in a research report on Tuesday, April 14th. National Bank Financial boosted their price target on Secure Energy Services from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. BMO Capital Markets upped their price target on Secure Energy Services from C$20.00 to C$24.75 in a report on Tuesday, April 14th. Finally, Stifel Nicolaus downgraded Secure Energy Services from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$26.00 to C$23.00 in a research report on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$23.16.

Secure Energy Services Stock Down 1.0%

The business’s fifty day moving average price is C$22.70 and its 200 day moving average price is C$21.30. The company has a market capitalization of C$5.25 billion, a P/E ratio of 40.80, a P/E/G ratio of 0.17 and a beta of 0.14. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 125.62.

Secure Energy Services (TSE:SES) last issued its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$422.00 million for the quarter. Secure Energy Services had a negative net margin of 4.56% and a positive return on equity of 16.77%. As a group, equities research analysts predict that Secure Energy Services Inc. will post 0.7671625 earnings per share for the current fiscal year.

About Secure Energy Services

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.