Secure Energy Services Inc. (TSE:SES) Given Average Recommendation of “Hold” by Brokerages

Shares of Secure Energy Services Inc. (TSE:SES – Get Free Report) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$23.16.

Several brokerages have recently commented on SES. Canadian Imperial Bank of Commerce downgraded shares of Secure Energy Services from a “neutral” rating to a “tender” rating and increased their target price for the company from C$22.50 to C$24.75 in a report on Tuesday, April 14th. Stifel Nicolaus downgraded shares of Secure Energy Services from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$26.00 to C$23.00 in a research report on Tuesday, April 14th. BMO Capital Markets lifted their target price on shares of Secure Energy Services from C$20.00 to C$24.75 in a research report on Tuesday, April 14th. Raymond James Financial downgraded Secure Energy Services from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$22.00 to C$24.75 in a research note on Tuesday, April 14th. Finally, National Bank Financial boosted their target price on Secure Energy Services from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st.

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Secure Energy Services Stock Down 0.9%

TSE:SES traded down C$0.21 during trading hours on Friday, hitting C$23.52. 1,277,890 shares of the company traded hands, compared to its average volume of 824,103. The company has a quick ratio of 1.10, a current ratio of 1.37 and a debt-to-equity ratio of 151.35. The firm’s 50-day simple moving average is C$21.91 and its 200-day simple moving average is C$20.40. Secure Energy Services has a one year low of C$15.03 and a one year high of C$24.41. The company has a market cap of C$5.13 billion, a PE ratio of 43.56, a PEG ratio of 0.17 and a beta of 0.14.

Secure Energy Services Company Profile

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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.

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