Secure Energy Services (TSE:SES) Reaches New 52-Week High – Time to Buy?

Secure Energy Services Inc. (TSE:SES)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$24.97 and last traded at C$24.84, with a volume of 871339 shares. The stock had previously closed at C$23.98.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their price objective on Secure Energy Services from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$23.16.

Secure Energy Services Trading Up 3.4%

The company has a market cap of C$5.41 billion, a P/E ratio of 42.02, a PEG ratio of 0.17 and a beta of 0.14. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 125.62. The business has a 50 day moving average price of C$23.46 and a 200-day moving average price of C$21.96.

Secure Energy Services (TSE:SES) last released its earnings results on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$422.00 million during the quarter. Secure Energy Services had a negative net margin of 4.56% and a positive return on equity of 16.77%. Analysts forecast 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.