Secure Energy Services Inc (SES) Price Target Raised to C$13.00

Secure Energy Services Inc (TSE:SES) had its price objective hoisted by equities research analysts at Raymond James Financial, Inc. from C$12.90 to C$13.00 in a note issued to investors on Wednesday, August 2nd. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial, Inc.’s price objective would indicate a potential upside of 60.89% from the company’s current price.

A number of other research analysts have also recently commented on SES. Canaccord Genuity decreased their target price on shares of Secure Energy Services from C$13.25 to C$11.00 in a research report on Tuesday, July 11th. Scotiabank reaffirmed a “sector perform” rating and issued a C$13.50 target price on shares of Secure Energy Services in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada decreased their target price on shares of Secure Energy Services from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$12.81.

Shares of Secure Energy Services (TSE SES) traded up 0.25% during midday trading on Wednesday, hitting $8.08. 131,409 shares of the stock traded hands. Secure Energy Services has a 12-month low of $7.73 and a 12-month high of $12.04. The stock’s market cap is $1.32 billion. The company’s 50 day moving average price is $8.69 and its 200-day moving average price is $9.57.

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In related news, insider Daniel Steinke sold 5,093 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of C$8.06, for a total transaction of C$41,049.58.

About Secure Energy Services

Secure Energy Services Inc, an energy services company, provides specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin and North Dakota. The company’s Processing, Recovery and Disposal (PRD) division assists upstream oil and natural gas companies with the treatment and sale of crude oil, as well as the treatment, recycling, and disposal of by-products associated with oil and natural gas development and production.

Analyst Recommendations for Secure Energy Services (TSE:SES)

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