Secure Energy Services Inc (SES) Earns “Buy” Rating from TD Securities
Secure Energy Services Inc (TSE:SES)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Securities in a note issued to investors on Wednesday. They currently have a C$12.00 target price on the stock. TD Securities’ price target suggests a potential upside of 39.53% from the stock’s previous close.
Several other research analysts have also commented on the stock. Scotiabank lowered shares of Secure Energy Services from an “outperform” rating to a “sector perform” rating and set a C$12.00 price objective for the company. in a report on Monday, September 12th. Cormark restated a “buy” rating on shares of Secure Energy Services in a report on Friday, September 9th. Finally, Raymond James Financial Inc. upgraded shares of Secure Energy Services from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$10.98.
Shares of Secure Energy Services (TSE:SES) traded up 7.23% during mid-day trading on Wednesday, reaching $9.20. 284,502 shares of the company’s stock traded hands. Secure Energy Services has a 12-month low of $5.33 and a 12-month high of $11.00. The stock’s market cap is $1.47 billion. The firm’s 50 day moving average price is $8.94 and its 200-day moving average price is $8.79.
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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