Brokerages Set Secure Energy Services Inc. (TSE:SES) Price Target at C$23.16

Shares of Secure Energy Services Inc. (TSE:SES) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$23.16.

A number of equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce downgraded Secure Energy Services from a “neutral” rating to a “tender” rating and upped their price target for the stock from C$22.50 to C$24.75 in a research report on Tuesday, April 14th. National Bank Financial raised their price objective on Secure Energy Services from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. BMO Capital Markets boosted their target price on Secure Energy Services from C$20.00 to C$24.75 in a research note on Tuesday, April 14th. Stifel Nicolaus lowered Secure Energy Services from a “buy” rating to a “hold” rating and reduced their target price for the company from C$26.00 to C$23.00 in a research report on Tuesday, April 14th. Finally, Raymond James Financial cut Secure Energy Services from a “moderate buy” rating to a “hold” rating and increased their price target for the company from C$22.00 to C$24.75 in a research note on Tuesday, April 14th.

Secure Energy Services Trading Up 1.4%

TSE:SES opened at C$23.36 on Friday. The stock has a market capitalization of C$5.09 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 0.17 and a beta of 0.14. Secure Energy Services has a 52 week low of C$15.03 and a 52 week high of C$24.41. The company has a quick ratio of 1.10, a current ratio of 1.37 and a debt-to-equity ratio of 151.35. The firm has a 50 day moving average of C$22.00 and a 200 day moving average of C$20.58.

Secure Energy Services Company Profile

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.