Secure Energy Services (TSE:SES) Lowered to "Hold" Rating by Stifel Nicolaus

Key Points

• Stifel Nicolaus downgraded Secure Energy Services from "buy" to "hold" and cut its target to C$23.00 (from C$26.00), implying a potential upside of about 3.79%.
• Several other analysts adjusted ratings and targets (BMO, Raymond James, CIBC, Scotiabank, National Bank), leaving a MarketBeat consensus of "Hold" with an average target of C$22.91.
• Shares traded at C$22.16 on high volume; the company has a market cap of ~C$4.8B, a P/E of 41.04 and a notably high debt‑to‑equity ratio of 145.08, with a 52‑week range of C$12.46–C$23.90.

Secure Energy Services (TSE:SES - Get Free Report) was downgraded by research analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a report released on Tuesday,BayStreet.CA reports. They presently have a C$23.00 target price on the stock, down from their previous target price of C$26.00. Stifel Nicolaus' target price suggests a potential upside of 3.79% from the company's current price.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets upped their target price on Secure Energy Services from C$20.00 to C$24.75 in a research report on Tuesday. National Bank Financial upped their target price on Secure Energy Services from C$19.00 to C$21.00 and gave the company a "sector perform" rating in a research report on Monday, February 23rd. Scotiabank upped their target price on Secure Energy Services from C$20.00 to C$21.00 and gave the company a "sector perform" rating in a research report on Monday, February 23rd. Raymond James Financial lowered Secure Energy Services from an "outperform" rating to a "market perform" rating and upped their target price for the company from C$22.00 to C$24.75 in a research report on Tuesday. Finally, Canadian Imperial Bank of Commerce lowered Secure Energy Services from a "neutral" rating to a "tender" rating and upped their target price for the company from C$22.50 to C$24.75 in a research report on Tuesday. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Secure Energy Services presently has a consensus rating of "Hold" and an average target price of C$22.91.

Secure Energy Services Stock Performance

TSE SES traded down C$0.28 during trading hours on Tuesday, reaching C$22.16. The stock had a trading volume of 2,629,375 shares, compared to its average volume of 689,873. The stock has a fifty day moving average of C$20.23 and a 200 day moving average of C$18.69. The stock has a market cap of C$4.80 billion, a P/E ratio of 41.04, a price-to-earnings-growth ratio of 0.17 and a beta of 0.27. Secure Energy Services has a 52-week low of C$12.46 and a 52-week 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.

Secure Energy Services Company Profile

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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