Secure Energy Services (TSE:SES) Shares Pass Above 200-Day Moving Average – What’s Next?

Secure Energy Services Inc. (TSE:SES) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.93 and traded as high as C$23.31. Secure Energy Services shares last traded at C$23.27, with a volume of 491,087 shares trading hands.

Analyst Upgrades and Downgrades

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

Secure Energy Services Price Performance

The firm has a 50-day simple moving average of C$22.26 and a 200-day simple moving average of C$20.98. The firm has a market capitalization of C$5.28 billion, a PE ratio of 44.85, a PEG ratio of 0.17 and a beta of 0.14. The company has a debt-to-equity ratio of 151.35, a current ratio of 1.37 and a quick ratio of 1.10.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.20 earnings per share for the quarter. Secure Energy Services had a negative net margin of 14.22% and a positive return on equity of 15.18%. The firm had revenue of C$422.00 million for the quarter. As a group, equities analysts forecast that Secure Energy Services Inc. will post 0.7671625 earnings per share for the current year.

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.