Secure Energy Services Inc. (TSE:SES) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Secure Energy Services Inc. (TSE:SES) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$17.97.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Secure Energy Services from C$17.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. BMO Capital Markets dropped their price target on Secure Energy Services from C$20.00 to C$18.00 in a report on Thursday, April 17th. Raymond James lifted their price objective on shares of Secure Energy Services from C$16.25 to C$18.00 in a research note on Monday, February 24th. Scotiabank dropped their price objective on Secure Energy Services from C$19.50 to C$19.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Finally, ATB Capital cut their price target on shares of Secure Energy Services from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, May 5th.

Secure Energy Services Price Performance

TSE:SES opened at C$14.34 on Tuesday. The company has a market cap of C$3.34 billion, a P/E ratio of 5.62, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52-week low of C$11.13 and a 52-week high of C$17.13. The stock’s 50-day simple moving average is C$13.83 and its 200 day simple moving average is C$15.00. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13.

Secure Energy Services Company Profile

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.