Secure Energy Services (TSE:SES) Price Target Raised to C$24.75

Key Points

• BMO Capital Markets raised its price target on Secure Energy Services from C$20.00 to C$24.75, implying about an 11.7% upside from the stock's current price.
• Several other analysts also lifted targets this week, but the consensus rating remains "Hold" with a consensus price target of C$22.91.
• Shares traded down 1.2% to C$22.16 on Tuesday with heavy volume (2.63M vs. average 689,873); the company has a market cap of C$4.80 billion and a 52‑week range of C$12.46–C$23.90.

Secure Energy Services (TSE:SES - Get Free Report) had its price target lifted by analysts at BMO Capital Markets from C$20.00 to C$24.75 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 11.69% from the stock's current price.

A number of other research analysts have also weighed in on the stock. ATB Cormark Capital Markets raised their price target on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a "hold" rating in a research report on Monday, February 23rd. Royal Bank Of Canada raised their price objective on shares of Secure Energy Services from C$18.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Monday, February 23rd. Raymond James Financial downgraded shares of Secure Energy Services from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from C$22.00 to C$24.75 in a report on Tuesday. National Bank Financial raised their price objective on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Monday, February 23rd. Finally, Scotiabank raised their price objective on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Monday, February 23rd. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Secure Energy Services presently has a consensus rating of "Hold" and a consensus price target of C$22.91.

Secure Energy Services Stock Down 1.2%

Shares of SES traded down C$0.28 during trading hours on Tuesday, reaching C$22.16. 2,629,375 shares of the stock traded hands, compared to its average volume of 689,873. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 145.08. The stock has a fifty day simple moving average of C$20.23 and a 200 day simple moving average of C$18.69. 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 market cap of C$4.80 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 0.17 and a beta of 0.27.

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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