Secure Energy Services (TSE:SES) Stock Rating Lowered by Scotiabank

Key Points

• Secure Energy Services (TSE:SES) was downgraded by Scotiabank from "outperform" to "sector perform," with a new price target of C$22.00, indicating a potential upside of 21.55% from its current price.
• Other analysts have mixed views on the stock, with targets ranging from C$17.00 to C$23.50, reflecting a consensus rating of "Moderate Buy."
• As of mid-day trading, the stock is priced at C$18.10, and has a market capitalization of C$3.98 billion.

Secure Energy Services (TSE:SES - Get Free Report) was downgraded by equities researchers at Scotiabank from an "outperform" rating to a "hold" rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. They currently have a C$22.00 price target on the stock, up from their previous price target of C$19.00. Scotiabank's price target would suggest a potential upside of 22.63% from the stock's previous close.

A number of other research analysts also recently commented on the company. Stifel Nicolaus boosted their target price on Secure Energy Services from C$17.50 to C$23.50 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Royal Bank Of Canada boosted their target price on Secure Energy Services from C$15.00 to C$17.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. National Bankshares boosted their target price on Secure Energy Services from C$18.50 to C$23.00 and gave the company an "outperform" rating in a research note on Tuesday. Raymond James Financial upgraded Secure Energy Services to a "moderate buy" rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets downgraded Secure Energy Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$19.81.

Secure Energy Services Stock Performance

Shares of TSE SES opened at C$17.94 on Friday. The business's 50-day moving average price is C$17.39 and its two-hundred day moving average price is C$15.60. The company has a debt-to-equity ratio of 48.24, a current ratio of 1.13 and a quick ratio of 1.10. Secure Energy Services has a one year low of C$12.04 and a one year high of C$21.15. The company has a market capitalization of C$3.94 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 0.17 and a beta of 0.98.

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.