Secure Energy Services (TSE:SES) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Secure Energy Services Inc. (TSE:SES)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.59 and traded as low as C$14.25. Secure Energy Services shares last traded at C$14.36, with a volume of 534,430 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. CIBC boosted their price objective on shares of Secure Energy Services from C$16.00 to C$17.25 in a report on Tuesday, December 17th. Raymond James lifted their price target on shares of Secure Energy Services from C$16.25 to C$18.00 in a research report on Monday, February 24th. Finally, Royal Bank of Canada set a C$17.00 price target on shares of Secure Energy Services and gave the stock a “sector perform” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$17.86.

Secure Energy Services Stock Performance

The stock’s 50-day moving average price is C$14.95 and its 200-day moving average price is C$14.59. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 48.24. The company has a market capitalization of C$3.34 billion, a P/E ratio of 5.63, a P/E/G ratio of 0.17 and a beta of 2.41.

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.