CIBC Forecasts Strong Price Appreciation for Secure Energy Services (TSE:SES) Stock

Secure Energy Services (TSE:SES) had its price target raised by equities researchers at CIBC from C$15.25 to C$15.75 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 24.60% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Scotiabank lowered their target price on shares of Secure Energy Services from C$19.50 to C$19.00 and set an “outperform” rating for the company in a research note on Monday. Raymond James increased their price objective on shares of Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. Finally, BMO Capital Markets cut their target price on Secure Energy Services from C$20.00 to C$18.00 in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Secure Energy Services presently has a consensus rating of “Moderate Buy” and an average price target of C$17.97.

Secure Energy Services Stock Performance

Shares of Secure Energy Services stock opened at C$12.64 on Monday. The firm has a market cap of C$2.94 billion, a PE ratio of 4.95, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. Secure Energy Services has a 52 week low of C$11.08 and a 52 week high of C$17.13. The business’s fifty day simple moving average is C$13.88 and its 200-day simple moving average is C$15.01.

Secure Energy Services Company Profile

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.