Secure Energy Services (TSE:SES) Price Target Raised to C$26.00

Secure Energy Services (TSE:SES) had its price target lifted by Stifel Nicolaus from C$23.50 to C$26.00 in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

SES has been the topic of several other research reports. BMO Capital Markets raised their target price on Secure Energy Services from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research report on Monday. Raymond James Financial raised their price objective on shares of Secure Energy Services from C$17.75 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. ATB Cormark Capital Markets boosted their price objective on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research report on Monday. Scotiabank upped their target price on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday. Finally, National Bank Financial boosted their price target on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$21.63.

Secure Energy Services Price Performance

Secure Energy Services stock opened at C$19.29 on Monday. 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 fifty day simple moving average of C$17.76 and a 200-day simple moving average of C$17.73. The stock has a market cap of C$4.20 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 0.17 and a beta of 0.67. Secure Energy Services has a 12-month low of C$12.04 and a 12-month high of C$21.15.

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.