Secure Energy Services (TSE:SES) Hits New 1-Year High – Here’s Why

Shares of Secure Energy Services Inc. (TSE:SES) reached a new 52-week high on Thursday . The company traded as high as C$24.85 and last traded at C$24.26, with a volume of 113457 shares trading hands. The stock had previously closed at C$23.70.

Wall Street Analyst Weigh In

SES has been the topic of several recent analyst reports. National Bank Financial boosted their price target 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 increased their price objective on Secure Energy Services from C$20.00 to C$24.75 in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce cut shares of Secure Energy Services from a “neutral” rating to a “tender” rating and raised their target price for the company from C$22.50 to C$24.75 in a research note on Tuesday, April 14th. Stifel Nicolaus downgraded shares of Secure Energy Services from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$26.00 to C$23.00 in a report on Tuesday, April 14th. Finally, Raymond James Financial lowered shares of Secure Energy Services from a “moderate buy” rating to a “hold” rating and upped their price target for the stock from C$22.00 to C$24.75 in a research report on Tuesday, April 14th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat, Secure Energy Services has a consensus rating of “Hold” and an average target price of C$23.16.

Secure Energy Services Price Performance

The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 125.62. The firm has a market capitalization of C$5.27 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 0.17 and a beta of 0.14. The company’s 50 day moving average is C$22.37 and its 200-day moving average is C$21.05.

Secure Energy Services (TSE:SES) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$422.00 million for the quarter. Secure Energy Services had a positive return on equity of 16.77% and a negative net margin of 4.56%. Equities research analysts anticipate that Secure Energy Services Inc. will post 0.7671625 earnings per share for the current year.

About Secure Energy Services

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.