Secure Energy Services Inc (SES) Cut to Outperform at Raymond James Financial Inc.
Secure Energy Services Inc (TSE:SES) was downgraded by investment analysts at Raymond James Financial Inc. from a “strong-buy” rating to an “outperform” rating in a report issued on Friday, StockTargetPrices.com reports. They presently have a C$12.00 target price on the stock, up from their previous target price of C$10.75. Raymond James Financial Inc.’s target price would indicate a potential upside of 21.33% from the stock’s current price.
A number of other equities analysts also recently commented on SES. Scotiabank downgraded shares of Secure Energy Services from an “outperform” rating to a “sector perform” rating and set a C$12.00 target price for the company. in a research note on Monday, September 12th. TD Securities reiterated an “action list buy” rating and set a C$14.00 target price on shares of Secure Energy Services in a research note on Wednesday, July 13th. Finally, Cormark reiterated a “buy” rating on shares of Secure Energy Services in a research note on Friday, September 9th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Secure Energy Services presently has an average rating of “Buy” and a consensus target price of C$11.11.
Shares of Secure Energy Services (TSE:SES) traded down 4.75% during midday trading on Friday, reaching $9.42. The company’s stock had a trading volume of 349,245 shares. The company has a 50 day moving average of $9.00 and a 200-day moving average of $8.83. The stock’s market capitalization is $1.50 billion. Secure Energy Services has a 52 week low of $5.33 and a 52 week high of $10.50.
About Secure Energy Services
Secure Energy Services Inc is an energy services company. It owns and operates midstream infrastructure and provides environmental services and products to upstream oil and natural gas companies operating in Western Canada and certain regions in the United States. It operates through three divisions.
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