BMO Capital Markets Issues Positive Forecast for Secure Energy Services (TSE:SES) Stock Price

Secure Energy Services (TSE:SES) had its price objective lifted by investment analysts at BMO Capital Markets from C$20.00 to C$24.75 in a research report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 11.69% from the company’s previous close.

Several other equities analysts also recently weighed in on SES. National Bank Financial lifted their target price on shares of Secure Energy Services from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Raymond James Financial downgraded shares of Secure Energy Services from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from C$22.00 to C$24.75 in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Secure Energy Services from C$23.50 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce downgraded shares of Secure Energy Services from a “neutral” rating to a “tender” rating and lifted their target price for the stock from C$22.50 to C$24.75 in a research note on Tuesday. Finally, Scotiabank lifted 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. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$22.91.

Secure Energy Services Stock Performance

Shares of SES traded down C$0.28 during trading hours on Tuesday, hitting C$22.16. The company’s stock had a trading volume of 2,629,375 shares, compared to its average volume of 689,873. 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. The company has a debt-to-equity ratio of 145.08, a current ratio of 1.21 and a quick ratio of 1.10. The business has a 50 day simple moving average of C$20.23 and a two-hundred 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.

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.