ATB Cormark Capital Markets Increases Secure Energy Services (TSE:SES) Price Target to C$23.00

Secure Energy Services (TSE:SES) had its target price increased by stock analysts at ATB Cormark Capital Markets from C$21.00 to C$23.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 18.56% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. National Bank Financial boosted their price target on Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday. Scotiabank lifted their price objective on Secure Energy Services from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Monday. BMO Capital Markets upped their target price on Secure Energy Services from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research report on Monday. Raymond James Financial increased their target price on Secure Energy Services from C$17.75 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus lifted their price target on shares of Secure Energy Services from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Secure Energy Services currently has a consensus rating of “Hold” and an average price target of C$21.63.

Secure Energy Services Stock Down 2.7%

Shares of SES traded down C$0.54 during mid-day trading on Monday, reaching C$19.40. 266,789 shares of the stock traded hands, compared to its average volume of 426,584. The firm has a market cap of C$4.23 billion, a price-to-earnings ratio of 39.59, a P/E/G ratio of 0.17 and a beta of 0.67. The stock has a fifty day simple moving average of C$17.62 and a 200 day simple moving average of C$17.67. Secure Energy Services has a 12-month low of C$12.04 and a 12-month high of C$21.15. 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 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.