Secure Energy Services Inc. (TSE:SES) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Secure Energy Services Inc. (TSE:SES) have earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$20.44.

A number of equities research analysts recently weighed in on SES shares. Scotiabank cut Secure Energy Services from an “outperform” rating to a “hold” rating and raised their price target for the company from C$19.00 to C$22.00 in a report on Friday, October 10th. CIBC increased their target price on Secure Energy Services from C$16.25 to C$19.00 in a report on Wednesday, October 15th. National Bankshares raised their target price on Secure Energy Services from C$18.50 to C$23.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Raymond James Financial lifted their price target on Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Stifel Nicolaus increased their price objective on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the stock a “buy” rating in a report on Thursday, October 2nd.

Secure Energy Services Stock Performance

TSE:SES opened at C$17.62 on Wednesday. Secure Energy Services has a 1 year low of C$12.04 and a 1 year high of C$21.15. The firm has a 50 day moving average of C$17.78 and a 200-day moving average of C$17.07. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The stock has a market capitalization of C$3.85 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 0.17 and a beta of 0.86.

About Secure Energy Services

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions.