Q3 2017 EPS Estimates for Secure Energy Services Inc Decreased by Raymond James Financial (SES)
Secure Energy Services Inc (TSE:SES) – Investment analysts at Raymond James Financial cut their Q3 2017 earnings per share estimates for Secure Energy Services in a research report issued on Friday. Raymond James Financial analyst A. Bradford now expects that the firm will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.06. Raymond James Financial has a “Outperform” rating and a $12.00 price objective on the stock. Raymond James Financial also issued estimates for Secure Energy Services’ Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.08 EPS and FY2018 earnings at $0.21 EPS.
Several other research firms also recently issued reports on SES. Cormark restated a “buy” rating on shares of Secure Energy Services in a research note on Friday, September 9th. TD Securities restated a “buy” rating and issued a C$12.00 price objective on shares of Secure Energy Services in a research note on Wednesday, September 28th. Finally, Scotiabank downgraded 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 research note on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$11.11.
Shares of Secure Energy Services (TSE:SES) opened at 9.42 on Monday. Secure Energy Services has a 1-year low of $5.33 and a 1-year high of $10.50. The firm’s 50-day moving average price is $8.99 and its 200 day moving average price is $8.83. The stock’s market capitalization is $1.50 billion.
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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