Brokerages Set Secure Energy Services Inc. (TSE:SES) Target Price at C$20.44

Secure Energy Services Inc. (TSE:SES) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$20.44.

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Raymond James Financial increased their target price on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. CIBC raised their price target on Secure Energy Services from C$16.25 to C$19.00 in a report on Wednesday, October 15th. National Bankshares boosted their price target on Secure Energy Services from C$18.50 to C$23.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Scotiabank downgraded Secure Energy Services from an “outperform” rating to a “hold” rating and upped their price objective for the company from C$19.00 to C$22.00 in a research note on Friday, October 10th.

Secure Energy Services Trading Down 0.8%

TSE:SES opened at C$17.44 on Friday. The company has a market capitalization of C$3.80 billion, a PE ratio of 35.59, a P/E/G ratio of 0.17 and a beta of 0.81. Secure Energy Services has a 52-week low of C$12.04 and a 52-week high of C$21.15. The stock’s 50 day moving average price is C$17.50 and its 200 day moving average price is C$17.31. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24.

About Secure Energy Services

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions.