Secure Energy Services (TSE:SES) Price Target Raised to C$23.50

Secure Energy Services (TSE:SES) had its target price hoisted by Stifel Nicolaus from C$23.00 to C$23.50 in a research note published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on SES. National Bankshares set a C$18.00 price objective on Secure Energy Services and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Scotiabank lowered their price target on shares of Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. 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 note on Tuesday, October 28th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Secure Energy Services from C$16.25 to C$19.00 in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$19.56.

Secure Energy Services Price Performance

Shares of TSE SES opened at C$18.33 on Friday. Secure Energy Services has a fifty-two week low of C$12.04 and a fifty-two week high of C$21.15. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. The firm’s 50-day simple moving average is C$17.40 and its 200 day simple moving average is C$17.45. The stock has a market cap of C$3.99 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 0.17 and a beta of 0.67.

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.