Secure Energy Services (TSE:SES) Price Target Lowered to C$15.25 at CIBC

Secure Energy Services (TSE:SES) had its price target decreased by CIBC from C$17.25 to C$15.25 in a research report report published on Thursday,BayStreet.CA reports.

Several other brokerages have also commented on SES. Royal Bank of Canada set a C$17.00 price target on shares of Secure Energy Services and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Raymond James raised their target price on Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. Finally, Scotiabank reduced their price target on Secure Energy Services from C$22.00 to C$19.50 and set an “outperform” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Secure Energy Services has a consensus rating of “Moderate Buy” and an average price target of C$17.81.

Secure Energy Services Stock Down 7.9 %

SES stock opened at C$12.43 on Thursday. The stock has a market cap of C$2.89 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The firm’s 50-day simple moving average is C$14.52 and its 200 day simple moving average is C$15.04. Secure Energy Services has a fifty-two week low of C$10.81 and a fifty-two week high of C$17.13. 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

Secure Energy Services Inc engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. It operates through three segments, Environmental Waste Management, Energy Infrastructure, and Oilfield Services. The Environmental Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer, and metal recycling facilities.