Secure Energy Services (TSE:SES) Reaches New 52-Week High - What's Next?

Key Points

• 52-week high: Secure Energy Services reached a new 52-week high of C$22.21 on Monday, last trading at C$22.21 on volume of 56,489 shares (prior close C$22.14).
• Analyst sentiment has improved with multiple price-target increases on Feb. 23 (notably Stifel to C$26 with a "buy"), but the consensus remains a Hold with an average target of C$21.63 and two Buys versus six Holds.
• Company fundamentals show a market cap of C$4.82 billion, a high P/E of 41.17 and significant leverage (debt-to-equity 145.08), with 50- and 200-day moving averages near C$18.7 and C$18.2 respectively.

Secure Energy Services Inc. (TSE:SES - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as C$22.21 and last traded at C$22.21, with a volume of 56489 shares traded. The stock had previously closed at C$22.14.

Analyst Upgrades and Downgrades

SES has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their target price on Secure Energy Services from C$18.00 to C$21.00 and gave the company a "sector perform" rating in a report on Monday, February 23rd. ATB Cormark Capital Markets increased their price target on 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. Stifel Nicolaus lifted their price objective on Secure Energy Services from C$23.50 to C$26.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. National Bank Financial boosted their price objective on Secure Energy Services from C$19.00 to C$21.00 and gave the stock a "sector perform" rating in a research report on Monday, February 23rd. Finally, Scotiabank upped their target price on shares of Secure Energy Services from C$20.00 to C$21.00 and gave the stock a "sector perform" rating in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$21.63.

Secure Energy Services Trading Up 0.4%

The stock has a market cap of C$4.82 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 0.17 and a beta of 0.76. The business's 50 day moving average is C$18.76 and its 200 day moving average is C$18.18. The company has a debt-to-equity ratio of 145.08, a current ratio of 1.21 and a quick ratio of 1.10.

About Secure Energy Services

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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