ATB Capital Has Lowered Expectations for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES - Get Free Report) had its price objective decreased by equities researchers at ATB Capital from C$20.00 to C$19.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Capital's price objective would suggest a potential upside of 44.38% from the stock's previous close.

Several other analysts have also recently issued reports on the stock. Scotiabank dropped their price objective on shares of Secure Energy Services from C$19.50 to C$19.00 and set an "outperform" rating for the company in a research note on Monday. Raymond James lifted their price objective on Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. BMO Capital Markets decreased their price objective on Secure Energy Services from C$20.00 to C$18.00 in a report on Thursday, April 17th. National Bankshares decreased their price objective on shares of Secure Energy Services from C$18.00 to C$17.00 and set an "outperform" rating on the stock in a report on Monday. Finally, CIBC raised their target price on Secure Energy Services from C$15.25 to C$15.75 and gave the company a "neutral" rating in a report on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$17.97.

Secure Energy Services Price Performance

Shares of SES traded up C$0.11 during mid-day trading on Monday, hitting C$13.16. 34,493 shares of the company were exchanged, compared to its average volume of 803,991. Secure Energy Services has a 1-year low of C$11.08 and a 1-year high of C$17.13. 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 company has a 50 day moving average of C$13.85 and a 200-day moving average of C$15.00. The stock has a market cap of C$3.06 billion, a price-to-earnings ratio of 5.16, a price-to-earnings-growth 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.