Scotiabank Lowers Secure Energy Services (TSE:SES) Price Target to C$20.00

Secure Energy Services (TSE:SES) had its target price decreased by investment analysts at Scotiabank from C$21.50 to C$20.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 14.03% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial lifted their price objective on Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. National Bankshares raised their price target on Secure Energy Services from C$18.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. CIBC lifted their price target on Secure Energy Services from C$16.25 to C$19.00 in a report on Wednesday, October 15th. Finally, Stifel Nicolaus upped their price objective on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$20.19.

Secure Energy Services Stock Down 0.8%

Shares of TSE SES opened at C$17.54 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’s 50 day moving average price is C$17.51 and its 200 day moving average price is C$17.32. The firm has a market cap of C$3.82 billion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 0.17 and a beta of 0.81. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13.

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.