Secure Energy Services (TSE:SES) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Secure Energy Services Inc. (TSE:SES - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.52 and traded as low as C$13.26. Secure Energy Services shares last traded at C$13.59, with a volume of 664,835 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SES shares. Royal Bank of Canada set a C$17.00 price target on Secure Energy Services and gave the stock a "sector perform" rating in a research note on Thursday, December 19th. CIBC lifted their target price on shares of Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday, December 17th. Finally, Raymond James boosted their target price on shares of Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$17.86.

Secure Energy Services Trading Up 1.2 %

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 firm has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 5.51, a P/E/G ratio of 0.17 and a beta of 2.41. The business has a 50-day moving average of C$15.11 and a two-hundred day moving average of C$14.57.

Secure Energy Services Company Profile

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.