Secure Energy Services (TSE:SES) Announces Quarterly Earnings Results

Secure Energy Services (TSE:SES) issued its quarterly earnings results on Wednesday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. Secure Energy Services had a positive return on equity of 16.77% and a negative net margin of 4.56%.The company had revenue of C$422.00 million for the quarter.

Secure Energy Services Price Performance

Shares of SES stock opened at C$24.22 on Friday. Secure Energy Services has a twelve month low of C$15.03 and a twelve month high of C$24.85. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 125.62. The company has a market capitalization of C$5.28 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 0.17 and a beta of 0.14. The firm has a fifty day simple moving average of C$22.31 and a 200-day simple moving average of C$21.03.

Analyst Ratings Changes

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

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.