Secure Energy Services Inc. (TSE:SES) Receives Average Rating of “Moderate Buy” from Brokerages

Secure Energy Services Inc. (TSE:SES) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$17.86.

A number of research firms have weighed in on SES. CIBC upped their target price on Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday, December 17th. Raymond James upped their price objective on Secure Energy Services from C$16.25 to C$18.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada set a C$17.00 target price on Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday, December 19th.

Secure Energy Services Trading Down 5.3 %

Shares of TSE:SES opened at C$13.63 on Thursday. The company has a 50 day moving average of C$15.34 and a 200-day moving average of C$14.50. 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 firm has a market cap of C$3.17 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a twelve month low of C$10.81 and a twelve month high of C$17.13.

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.