Secure Energy Services (TSE:SES) Shares Cross Below 200 Day Moving Average – What’s Next?

Secure Energy Services Inc. (TSE:SES)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.38 and traded as low as C$17.14. Secure Energy Services shares last traded at C$17.57, with a volume of 528,203 shares traded.

Analyst Ratings Changes

SES has been the topic of a number of research analyst reports. Scotiabank lowered their price objective on shares of Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. CIBC increased their price target on Secure Energy Services from C$16.25 to C$19.00 in a research note on Wednesday, October 15th. National Bankshares set a C$18.00 price objective on Secure Energy Services and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Finally, Raymond James Financial upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$19.56.

Secure Energy Services Price Performance

The business has a 50-day moving average price of C$17.44 and a 200 day moving average price of C$17.38. The company has a market cap of C$3.83 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 0.17 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24.

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.