Secure Energy Services (TSE:SES) Price Target Raised to C$18.00

Secure Energy Services (TSE:SES) had its target price lifted by Raymond James from C$16.25 to C$18.00 in a research note published on Monday,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada set a C$17.00 price target on shares of Secure Energy Services and gave the company a “sector perform” rating in a research report on Thursday, December 19th. BMO Capital Markets lifted their price target on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. ATB Capital lifted their price target on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. CIBC lifted their price target on shares of Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday, December 17th. Finally, Eight Capital raised their price objective on shares of Secure Energy Services from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.48.

Secure Energy Services Price Performance

SES stock opened at C$14.31 on Monday. The firm has a 50 day moving average of C$15.42 and a 200-day moving average of C$14.45. Secure Energy Services has a 12-month low of C$10.79 and a 12-month high of C$17.13. 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 company has a market cap of C$3.33 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.17 and a beta of 2.41.

Secure Energy Services Company Profile

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.