Secure Energy Services (TSE:SES) Price Target Raised to C$23.00

Secure Energy Services (TSE:SES) had its price target boosted by ATB Cormark Capital Markets from C$21.00 to C$23.00 in a research note published on Monday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

Several other research firms have also recently issued reports on SES. Stifel Nicolaus lifted their price objective on Secure Energy Services from C$23.00 to C$23.50 and gave the stock a “buy” rating in a report on Friday, February 6th. Raymond James Financial raised their target price 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. Scotiabank boosted their price target on Secure Energy Services from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Monday. BMO Capital Markets increased their price objective on Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Monday. Finally, National Bank Financial lifted their target price on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$21.63.

Secure Energy Services Stock Down 0.9%

Shares of TSE SES opened at C$19.29 on Monday. The firm has a market cap of C$4.20 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 0.17 and a beta of 0.67. The company’s 50-day simple moving average is C$17.76 and its 200-day simple moving average is C$17.73. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. Secure Energy Services has a 52-week low of C$12.04 and a 52-week high of C$21.15.

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.