Secure Energy Services Inc. (TSE:SES) Given Consensus Recommendation of “Hold” by Brokerages

Secure Energy Services Inc. (TSE:SES) has received an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$19.56.

SES has been the topic of a number of research reports. Canadian Imperial Bank of Commerce lifted their price objective on Secure Energy Services from C$16.25 to C$19.00 in a research note on Wednesday, October 15th. Scotiabank dropped their price objective on Secure Energy Services from C$21.50 to C$20.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Stifel Nicolaus boosted their price target on Secure Energy Services from C$23.00 to C$23.50 and gave the company a “buy” rating in a report on Friday, February 6th. Raymond James Financial boosted their price target on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, National Bank Financial set a C$18.00 target price on shares of Secure Energy Services and gave the stock a “sector perform” rating in a report on Friday, January 23rd.

Secure Energy Services Price Performance

TSE:SES opened at C$18.95 on Thursday. The business’s 50-day simple moving average is C$17.43 and its two-hundred day simple moving average is C$17.48. Secure Energy Services has a 52 week low of C$12.04 and a 52 week high of C$21.15. The stock has a market cap of C$4.13 billion, a PE ratio of 38.67, a P/E/G ratio of 0.17 and a beta of 0.67. 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.