Secure Energy Services (TSE:SES) Reaches New 12-Month High – Here’s What Happened

Shares of Secure Energy Services Inc. (TSE:SES) hit a new 52-week high on Friday . The stock traded as high as C$24.11 and last traded at C$24.08, with a volume of 201165 shares. The stock had previously closed at C$22.48.

Analysts Set New Price Targets

A number of analysts have recently commented on SES shares. National Bank Financial boosted their price objective on 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. Raymond James Financial downgraded Secure Energy Services from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$22.00 to C$24.75 in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce lowered 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. BMO Capital Markets upped their price objective on shares of Secure Energy Services from C$20.00 to C$24.75 in a research report on Tuesday, April 14th. Finally, Stifel Nicolaus cut shares of Secure Energy Services from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$26.00 to C$23.00 in a research note on Tuesday, April 14th. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$23.16.

Secure Energy Services Stock Performance

The firm’s 50 day simple moving average is C$21.82 and its 200-day simple moving average is C$20.14. The company has a market capitalization of C$5.22 billion, a price-to-earnings ratio of 44.35, a P/E/G ratio of 0.17 and a beta of 0.22. The company has a debt-to-equity ratio of 151.35, a quick ratio of 1.10 and a current ratio of 1.37.

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.