Secure Energy Services (TSE:SES) Given New C$19.00 Price Target at CIBC

Key Points

• CIBC raised the price target for Secure Energy Services from C$16.25 to C$19.00, suggesting a potential upside of 4.80% from its current price.
• Secure Energy Services has received mixed ratings from analysts, with two strong buy, four buy, and four hold ratings, resulting in a consensus target price of C$20.17.
• The company's stock has shown flat performance recently, trading at C$18.13, with a significant market cap of C$3.99 billion.

Secure Energy Services (TSE:SES - Get Free Report) had its price objective hoisted by stock analysts at CIBC from C$16.25 to C$19.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC's price objective indicates a potential upside of 4.80% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. National Bankshares raised their price objective on shares of Secure Energy Services from C$18.50 to C$23.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 7th. Royal Bank Of Canada lifted their price target on Secure Energy Services from C$15.00 to C$17.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. BMO Capital Markets lowered Secure Energy Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Stifel Nicolaus boosted their target price on Secure Energy Services from C$17.50 to C$23.50 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Finally, Raymond James Financial upgraded Secure Energy Services to a "moderate buy" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Secure Energy Services has an average rating of "Moderate Buy" and a consensus target price of C$20.17.

Secure Energy Services Price Performance

TSE:SES remained flat at C$18.13 during mid-day trading on Wednesday. The company had a trading volume of 252,665 shares, compared to its average volume of 792,637. The company has a fifty day moving average of C$17.50 and a 200 day moving average of C$15.63. Secure Energy Services has a 12-month low of C$12.04 and a 12-month high of C$21.15. The company has a market cap of C$3.99 billion, a PE ratio of 19.92, a P/E/G ratio of 0.17 and a beta of 0.98. The company has a debt-to-equity ratio of 48.24, a quick ratio of 1.10 and a current ratio of 1.13.

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.

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