Secure Energy Services Inc. remains stable amid recent acquisitions in the waste management sector.
Secure Energy Services Inc. (SES.TO) has shown stable performance this week, closing at C$24.62 with no change in price from the previous day. Over the past month, the stock has gained 1.36%, while year-to-date performance stands at an impressive 41.01%. This week, the company has been in the news due to significant developments in the waste management sector involving its parent company.
Investor takeaway: Investors should monitor the impact of GFL Environmental's recent acquisitions on Secure Energy Services, particularly how these changes may affect market positioning and operational synergies.
Advertisement
Secure Energy Services Inc.
SES.TO
SES.TO
Secure Energy Services Inc.
WealthAwesomeMarket cap
$5.37B
P/E
41.7x
Div. yield
1.68%
Div. / share
$0.41
52W high
$25.07
52W low
$15.29
1W change
+0.00%
Beta
0.73
Analyst Price Targets
Based on analyst covering SES
Wall Street analysts forecast SES stock price to fall 1.0% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$24.38
-1.0% Upside
Current Price
C$24.62
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SES's historical volatility
30-Day Vol
22.6%
Annualized
90-Day Vol
23.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$29.43
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$26.13 | C$24.17 โ C$28.25 |
| 60 trading days | C$27.73 | C$24.84 โ C$30.96 |
| 90 trading days | C$29.43 | C$25.72 โ C$33.68 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Advertisement
Impressive Year-to-Date Growth of 41.01%
Secure Energy Services has demonstrated a robust year-to-date performance, outperforming many peers in the industrials sector.
Bull case
The stable growth in the industrials sector, combined with potential benefits from GFL's acquisitions, could strengthen Secure Energy Services' position in the market.
Bear case
However, the market's response to GFL's stock dilution and the implications of increased debt might undermine investor confidence in Secure Energy Services.
Recent Company News
Advertisement
This week, Secure Energy Services Inc. has been affected by significant developments involving its parent company, GFL Environmental. On September 1, GFL Environmental completed the acquisition of Secure Waste Infrastructure Corp., sparking discussions about potential synergies and operational efficiencies. Additionally, GFL announced the closure of the SECURE Waste Infrastructure Acquisition, issuing 75 million new shares and securing a US$1 billion term loan. These moves may influence Secure Energy's market dynamics and investor sentiment moving forward.
Technical Picture
From a technical standpoint, Secure Energy Services is currently trading at C$24.62, which is above both its 50-day moving average of C$23.58 and its 200-day moving average of C$20.72. The stock's 52-week range has been C$15.29 to C$25.07, indicating that it is trading at 95% of its range. With a beta of 0.73, the stock exhibits lower volatility compared to the market. Notably, the recent trading volume of 1,574,184 shares is significantly higher than the 20-day average volume of 708,252 shares, indicating increased investor interest.
Insider Activity
Currently, there are no notable insider activities reported for Secure Energy Services Inc. Investors should continue to keep an eye on any future transactions that may provide insights into insider confidence in the company's direction.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile โโ Reviewed by Certified Financial Professionals
This content has been reviewed by CFAยฎ charterholders and Certified Financial Planners (CFPยฎ) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFAยฎ charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFPยฎ professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
โ ๏ธ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
