Secure Energy Services (TSE:SES) Reaches New 12-Month High – What’s Next?

Shares of Secure Energy Services Inc. (TSE:SES – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$24.97 and last traded at C$24.84, with a volume of 871339 shares changing hands. The stock had previously closed at C$23.98.

Analysts Set New Price Targets

Separately, National Bank Financial lifted 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 report on Friday, May 1st. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Secure Energy Services presently has an average rating of “Hold” and an average target price of C$23.16.

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Secure Energy Services Price Performance

The business has a fifty day moving average of C$23.46 and a two-hundred day moving average of C$21.96. The company has a debt-to-equity ratio of 125.62, a quick ratio of 1.10 and a current ratio of 1.20. The firm has a market capitalization of C$5.41 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 0.17 and a beta of 0.14.

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

About Secure Energy Services

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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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