Scotiabank Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Secure Energy Services (TSE:SES) had its price target increased by Scotiabank from C$20.00 to C$21.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 8.25% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. National Bank Financial boosted their target price on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Monday. Stifel Nicolaus lifted their price target on shares of Secure Energy Services from C$23.00 to C$23.50 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Raymond James Financial boosted their price target on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Secure Energy Services has an average rating of “Hold” and an average price target of C$21.63.

Secure Energy Services Stock Performance

SES stock traded down C$0.54 during midday trading on Monday, hitting C$19.40. The stock had a trading volume of 266,789 shares, compared to its average volume of 426,584. Secure Energy Services has a 52 week low of C$12.04 and a 52 week high of C$21.15. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The stock has a 50-day simple moving average of C$17.62 and a 200 day simple moving average of C$17.67. The firm has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 39.59, a P/E/G ratio of 0.17 and a beta of 0.67.

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.