Secure Energy Services (TSE:SES) Shares Down 5.3% Following Analyst Downgrade

Shares of Secure Energy Services Inc. (TSE:SES - Get Free Report) were down 5.3% during trading on Monday after ATB Capital lowered their price target on the stock from C$20.00 to C$19.00. ATB Capital currently has an outperform rating on the stock. Secure Energy Services traded as low as C$12.85 and last traded at C$12.92. Approximately 302,310 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 798,943 shares. The stock had previously closed at C$13.64.

SES has been the topic of a number of other reports. BMO Capital Markets decreased their target price on Secure Energy Services from C$20.00 to C$18.00 in a research report on Thursday, April 17th. National Bankshares dropped their target price on shares of Secure Energy Services from C$18.00 to C$17.00 and set an "outperform" rating for the company in a report on Monday. Raymond James upped their price target on shares of Secure Energy Services from C$16.25 to C$18.00 in a report on Monday, February 24th. CIBC lifted their price objective on Secure Energy Services from C$15.25 to C$15.75 and gave the stock a "neutral" rating in a research report on Monday. Finally, Royal Bank of Canada lowered their target price on Secure Energy Services from C$17.00 to C$15.00 and set a "sector perform" rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$17.97.

Secure Energy Services Price Performance

The company's fifty day moving average is C$13.94 and its 200 day moving average is C$15.03. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The stock has a market cap of C$2.97 billion, a PE ratio of 5.00, 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.

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