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

Secure Energy Services (TSE:SES) had its target price decreased by research analysts at BMO Capital Markets from C$20.00 to C$18.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 39.86% from the stock’s previous close.

SES has been the subject of a number of other reports. Raymond James upped their price objective on shares of Secure Energy Services from C$16.25 to C$18.00 in a research note on Monday, February 24th. CIBC lowered their price target on shares of Secure Energy Services from C$17.25 to C$15.25 in a research report on Thursday, April 10th. Royal Bank of Canada set a C$17.00 price objective on shares of Secure Energy Services and gave the company a “sector perform” rating in a report on Thursday, December 19th. Finally, Scotiabank lowered their target price on Secure Energy Services from C$22.00 to C$19.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Secure Energy Services has a consensus rating of “Moderate Buy” and a consensus price target of C$18.09.

Secure Energy Services Stock Up 0.1 %

Shares of TSE:SES opened at C$12.87 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 48.24. The business’s 50 day moving average is C$14.29 and its 200 day moving average is C$15.03. The stock has a market cap of C$2.99 billion, a P/E ratio of 5.04, a price-to-earnings-growth ratio of 0.17 and a beta of 2.41. Secure Energy Services has a 52-week low of C$10.81 and a 52-week high of C$17.13.

About Secure Energy Services

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.