Secure Energy Services (TSE:SES) Hits New 12-Month High – Here’s Why

Secure Energy Services Inc. (TSE:SES)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$24.85 and last traded at C$24.26, with a volume of 113457 shares changing hands. The stock had previously closed at C$23.70.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets raised their target price on Secure Energy Services from C$20.00 to C$24.75 in a research report on Tuesday, April 14th. Canadian Imperial Bank of Commerce lowered shares of Secure Energy Services from a “neutral” rating to a “tender” rating and upped their price target for the company from C$22.50 to C$24.75 in a research report on Tuesday, April 14th. Stifel Nicolaus cut shares of Secure Energy Services from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$26.00 to C$23.00 in a research note on Tuesday, April 14th. National Bank Financial raised their price objective on shares of 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. Finally, Raymond James Financial lowered shares of Secure Energy Services from a “moderate buy” rating to a “hold” rating and boosted their target price for the company from C$22.00 to C$24.75 in a research report on Tuesday, April 14th. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, Secure Energy Services presently has a consensus rating of “Hold” and a consensus target price of C$23.16.

Secure Energy Services Stock Performance

The company has a debt-to-equity ratio of 151.35, a current ratio of 1.37 and a quick ratio of 1.10. The stock has a market cap of C$5.23 billion, a P/E ratio of 44.44, a PEG ratio of 0.17 and a beta of 0.14. The firm’s 50-day moving average price is C$22.26 and its 200-day moving average price is C$20.98.

Secure Energy Services (TSE:SES) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.20 EPS for the quarter. Secure Energy Services had a negative net margin of 14.22% and a positive return on equity of 15.18%. The business had revenue of C$422.00 million for the quarter. Sell-side analysts expect that Secure Energy Services Inc. will post 0.7671625 earnings per share for the current fiscal year.

About Secure Energy Services

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.