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Secure Energy Services (TSE:SES) Trading Down 5.3% on Analyst Downgrade

Secure Energy Services logo with Industrials background

Secure Energy Services Inc. (TSE:SES - Get Free Report)'s share price fell 5.3% during mid-day 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. 302,310 shares traded hands during trading, a decline of 62% from the average session volume of 798,943 shares. The stock had previously closed at C$13.64.

SES has been the subject of a number of other reports. CIBC lifted their price objective on shares of Secure Energy Services from C$15.25 to C$15.75 and gave the company a "neutral" rating in a research note on Monday, May 5th. BMO Capital Markets decreased their target price on shares of Secure Energy Services from C$20.00 to C$18.00 in a research report on Thursday, April 17th. National Bankshares cut their price target on Secure Energy Services from C$18.00 to C$17.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Scotiabank decreased their price objective on Secure Energy Services from C$19.50 to C$19.00 and set an "outperform" rating for the company in a report on Monday, May 5th. 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 research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$17.97.

Check Out Our Latest Analysis on Secure Energy Services

Secure Energy Services Trading Up 0.7 %

The firm has a market cap of C$3.02 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The company's 50-day moving average price is C$13.83 and its 200-day moving average price is C$14.99. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24.

About Secure Energy Services

(Get Free Report)

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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