Secure Energy Services (TSE:SES) Price Target Raised to C$21.00

Secure Energy Services (TSE:SES) had its target price raised by Scotiabank from C$20.00 to C$21.00 in a report issued on Monday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

SES has been the subject of a number of other reports. Raymond James Financial boosted their target price on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Stifel Nicolaus upped their price objective on Secure Energy Services from C$23.00 to C$23.50 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, National Bank Financial raised their target price on Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$21.63.

Secure Energy Services Stock Down 0.9%

SES opened at C$19.29 on Monday. The stock has a market capitalization of C$4.20 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 0.17 and a beta of 0.67. The firm has a 50 day moving average price of C$17.76 and a 200-day moving average price of C$17.73. Secure Energy Services has a twelve month low of C$12.04 and a twelve month high of C$21.15. 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 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.