Secure Energy Services (TSE:SES) Cut to “Tender” at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce downgraded shares of Secure Energy Services (TSE:SES) from a neutral rating to a tender rating in a research report sent to investors on Tuesday morning,BayStreet.CA reports. Canadian Imperial Bank of Commerce currently has C$24.75 price objective on the stock, up from their previous price objective of C$22.50.

Several other research firms also recently commented on SES. National Bank Financial raised their price objective on Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Stifel Nicolaus raised their price target on Secure Energy Services from C$23.50 to C$26.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Scotiabank raised their target price on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. ATB Cormark Capital Markets raised their target price on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$22.91.

Secure Energy Services Trading Up 0.3%

SES stock opened at C$22.65 on Tuesday. The company has a market capitalization of C$4.91 billion, a PE ratio of 41.94, a P/E/G ratio of 0.17 and a beta of 0.27. Secure Energy Services has a 12 month low of C$12.51 and a 12 month high of C$23.90. The firm’s 50-day moving average is C$20.52 and its 200 day moving average is C$18.76. The company has a debt-to-equity ratio of 145.08, a current ratio of 1.21 and a quick ratio of 1.10.

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.