National Bank Financial Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Key Points

• National Bank Financial raised its price target on Secure Energy Services from C$21.00 to C$23.00 while keeping a "sector perform" rating, implying roughly a 1.86% upside from the prior close.
• Analyst sentiment is mixed-to-neutral: seven analysts rate the stock as a "Hold" with a consensus price target of C$23.16, and several firms have recently adjusted their targets and ratings.
• Shares last traded at C$22.58, near analyst targets, with a market cap of C$4.92 billion, a PE of 41.81, a 52-week range of C$12.61–C$23.90, and a high debt-to-equity ratio of 145.08.

Secure Energy Services (TSE:SES - Get Free Report) had its target price lifted by equities research analysts at National Bank Financial from C$21.00 to C$23.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's price objective points to a potential upside of 1.86% from the company's previous close.

Several other research analysts have also recently weighed in on SES. Scotiabank lifted their price target on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the stock a "sector perform" rating in a research note on Monday, February 23rd. Royal Bank Of Canada lifted their target price on shares of Secure Energy Services from C$18.00 to C$21.00 and gave the company a "sector perform" rating in a research note on Monday, February 23rd. Raymond James Financial cut shares of Secure Energy Services from a "moderate buy" rating to a "hold" rating and lifted their target price for the company from C$22.00 to C$24.75 in a research note on Tuesday, April 14th. Canadian Imperial Bank of Commerce cut shares of Secure Energy Services from a "neutral" rating to a "tender" rating and lifted their target price for the company from C$22.50 to C$24.75 in a research note on Tuesday, April 14th. Finally, Stifel Nicolaus cut shares of Secure Energy Services from a "buy" rating to a "hold" rating and lowered their target price for the company from C$26.00 to C$23.00 in a research note on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$23.16.

Secure Energy Services Stock Performance

Shares of Secure Energy Services stock traded down C$0.57 on Friday, hitting C$22.58. 242,658 shares of the company's stock were exchanged, compared to its average volume of 784,736. The company has a 50-day simple moving average of C$21.39 and a 200-day simple moving average of C$18.99. The stock has a market capitalization of C$4.92 billion, a PE ratio of 41.81, a PEG ratio of 0.17 and a beta of 0.27. Secure Energy Services has a 1 year low of C$12.61 and a 1 year high of C$23.90. The company has a debt-to-equity ratio of 145.08, a quick ratio of 1.10 and a current ratio of 1.21.

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.

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