Secure Energy Services Inc. (TSE:SES) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Secure Energy Services Inc. (TSE:SES - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$17.97.

A number of equities research analysts have recently commented on SES shares. National Bankshares cut their target price on Secure Energy Services from C$18.00 to C$17.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. BMO Capital Markets dropped their target price on Secure Energy Services from C$20.00 to C$18.00 in a research report on Thursday, April 17th. Scotiabank decreased their price objective on Secure Energy Services from C$19.50 to C$19.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. CIBC lifted their target price on Secure Energy Services from C$15.25 to C$15.75 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, ATB Capital cut their price target on Secure Energy Services from C$20.00 to C$19.00 and set an "outperform" rating for the company in a report on Monday, May 5th.

Secure Energy Services Trading Down 0.4%

SES stock traded down C$0.06 during midday trading on Tuesday, hitting C$14.34. The company had a trading volume of 1,325,028 shares, compared to its average volume of 812,684. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. Secure Energy Services has a 52 week low of C$11.13 and a 52 week high of C$17.13. The stock's 50 day moving average price is C$13.83 and its 200 day moving average price is C$15.00. The stock has a market cap of C$3.34 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 0.17 and a beta of 2.41.

About Secure Energy Services

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.