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

Secure Energy Services Inc. (TSE:SES) has been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$17.86.

A number of equities research analysts recently commented on SES shares. Eight Capital upped their target price on Secure Energy Services from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. National Bankshares raised their price objective on shares of Secure Energy Services from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets increased their price target on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Raymond James raised their price objective on Secure Energy Services from C$16.25 to C$18.00 in a report on Monday. Finally, Royal Bank of Canada set a C$17.00 target price on Secure Energy Services and gave the company a “sector perform” rating in a research report on Thursday, December 19th.

Secure Energy Services Price Performance

Shares of SES opened at C$14.31 on Thursday. The company’s fifty day moving average price is C$15.42 and its 200-day moving average price is C$14.45. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market capitalization of C$3.33 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 1-year low of C$10.79 and a 1-year high of C$17.13.

Secure Energy Services Company Profile

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.