Secure Energy Services (TSE:SES) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Secure Energy Services shares rose above their 200-day moving average, reaching C$24.52 before closing at C$24.31, compared with a 200-day average of C$21.28.
• Analyst sentiment remains cautious: seven analysts rate the stock “Hold,” with a consensus price target of C$23.16, below its latest trading price.
• The company reported quarterly EPS of C$0.20 on revenue of C$422 million, while its financial profile included a 125.62% debt-to-equity ratio and a negative net margin of 4.56%.

Secure Energy Services Inc. (TSE:SES - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.28 and traded as high as C$24.52. Secure Energy Services shares last traded at C$24.31, with a volume of 878,648 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on SES. Raymond James Financial lowered Secure Energy Services from a "moderate buy" rating to a "hold" rating and boosted their price target for the stock from C$22.00 to C$24.75 in a research report on Tuesday, April 14th. Stifel Nicolaus lowered shares of Secure Energy Services from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$26.00 to C$23.00 in a research report on Tuesday, April 14th. National Bank Financial lifted their price objective on shares of Secure Energy Services from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce downgraded shares of Secure Energy Services from a "neutral" rating to a "tender" rating and lifted their price objective for the company from C$22.50 to C$24.75 in a research report on Tuesday, April 14th. Finally, BMO Capital Markets boosted their price objective on shares of Secure Energy Services from C$20.00 to C$24.75 in a research note on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Secure Energy Services has a consensus rating of "Hold" and a consensus target price of C$23.16.

Secure Energy Services Trading Up 0.9%

The business's 50 day moving average price is C$22.63 and its 200-day moving average price is C$21.28. The company has a current ratio of 1.20, a quick ratio of 1.10 and a debt-to-equity ratio of 125.62. The company has a market cap of C$5.30 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 0.17 and a beta of 0.14.

Secure Energy Services (TSE:SES - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$422.00 million for the quarter. Secure Energy Services had a negative net margin of 4.56% and a positive return on equity of 16.77%. On average, equities analysts anticipate that Secure Energy Services Inc. will post 0.7671625 EPS for the current fiscal year.

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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