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

Shares of Secure Energy Services Inc. (TSE:SES) have been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$17.86.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada set a C$17.00 target price on shares of Secure Energy Services and gave the stock a “sector perform” rating in a report on Thursday, December 19th. CIBC raised their price objective on shares of Secure Energy Services from C$16.00 to C$17.25 in a research report on Tuesday, December 17th. Finally, Raymond James lifted their target price on shares of Secure Energy Services from C$16.25 to C$18.00 in a research note on Monday, February 24th.

Secure Energy Services Price Performance

TSE SES opened at C$15.84 on Monday. The business’s fifty day moving average is C$14.84 and its 200 day moving average is C$14.89. Secure Energy Services has a fifty-two week low of C$10.81 and a fifty-two week high of C$17.13. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13. The company has a market capitalization of C$3.69 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41.

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.