Secure Energy Services (TSE:SES) Stock Price Expected to Rise, Raymond James Analyst Says

Secure Energy Services (TSE:SES) had its target price boosted by analysts at Raymond James from C$16.25 to C$18.00 in a report issued on Monday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 23.37% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Secure Energy Services from C$17.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. ATB Capital raised their price target on shares of Secure Energy Services from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Scotiabank upped their price objective on Secure Energy Services from C$16.00 to C$18.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada set a C$17.00 price objective on Secure Energy Services and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Finally, CIBC lifted their target price on Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$17.48.

Secure Energy Services Trading Up 2.0 %

TSE:SES traded up C$0.28 during trading hours on Monday, hitting C$14.59. The company had a trading volume of 721,860 shares, compared to its average volume of 617,372. Secure Energy Services has a 1 year low of C$10.57 and a 1 year high of C$17.13. The company has a market cap of C$3.39 billion, a P/E ratio of 5.72, a P/E/G ratio of 0.17 and a beta of 2.41. The company has a 50-day moving average of C$15.52 and a 200 day moving average of C$14.41. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24.

About Secure Energy Services

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.