Secure Energy Services (TSE:SES) Price Target Raised to C$23.00

Key Points

• National Bankshares has raised the price target for Secure Energy Services (TSE:SES) from C$18.50 to C$23.00, indicating a potential upside of 19.67% from the stock's previous close.
• Despite the price target increase, shares of SES experienced an 8.6% decline, trading at C$19.22 on the day of the report.
• The company's consensus rating is a "Moderate Buy", with two analysts giving a Strong Buy rating and five assigning a Buy rating.

Secure Energy Services (TSE:SES - Get Free Report) had its price target increased by equities research analysts at National Bankshares from C$18.50 to C$23.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 19.67% from the stock's previous close.

SES has been the subject of several other research reports. Royal Bank Of Canada boosted their price target on shares of Secure Energy Services from C$15.00 to C$17.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. BMO Capital Markets downgraded shares of Secure Energy Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Stifel Nicolaus boosted their target price on shares of Secure Energy Services from C$17.50 to C$23.50 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Finally, Raymond James Financial upgraded shares of Secure Energy Services to a "moderate buy" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$19.47.

Secure Energy Services Stock Down 8.6%

Shares of TSE:SES traded down C$1.80 during trading on Tuesday, hitting C$19.22. The company's stock had a trading volume of 1,931,735 shares, compared to its average volume of 780,263. The business has a 50 day moving average price of C$17.11 and a two-hundred day moving average price of C$15.51. The company has a market capitalization of C$4.23 billion, a PE ratio of 21.12, 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. Secure Energy Services has a fifty-two week low of C$12.04 and a fifty-two week high of C$21.15.

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.

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