Scotiabank Lowers Secure Energy Services (TSE:SES) Price Target to C$19.00

Secure Energy Services (TSE:SES - Get Free Report) had its price target decreased by analysts at Scotiabank from C$19.50 to C$19.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 48.21% from the stock's current price.

Several other research firms have also commented on SES. BMO Capital Markets dropped their target price on Secure Energy Services from C$20.00 to C$18.00 in a report on Thursday, April 17th. CIBC reduced their price objective on Secure Energy Services from C$17.25 to C$15.25 in a research note on Thursday, April 10th. Finally, Raymond James upped their price objective on shares of Secure Energy Services from C$16.25 to C$18.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$17.97.

Secure Energy Services Stock Performance

SES stock traded down C$0.82 during midday trading on Monday, reaching C$12.82. The stock had a trading volume of 1,036,378 shares, compared to its average volume of 809,353. 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 firm has a fifty day simple moving average of C$13.94 and a two-hundred day simple moving average of C$15.03. The stock has a market cap of C$2.98 billion, a PE ratio of 5.02, a P/E/G ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52-week low of C$11.08 and a 52-week high of C$17.13.

Secure Energy Services Company Profile

Secure Waste Infrastructure Corp. provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental & Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma.

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