Secure Energy Services Inc (SES) Downgraded to “Outperform” at Raymond James Financial Inc.
Raymond James Financial Inc. downgraded shares of Secure Energy Services Inc (TSE:SES) from a strong-buy rating to an outperform rating in a report released on Friday. The firm currently has C$12.00 target price on the stock, up from their previous target price of C$10.75.
A number of other research firms have also issued reports on SES. TD Securities restated an action list buy rating and set a C$14.00 price objective on shares of Secure Energy Services in a research report on Wednesday, July 13th. Cormark restated a buy rating on shares of Secure Energy Services in a research report on Friday, September 9th. Finally, Scotiabank lowered 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 report 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’s stock. The stock currently has an average rating of Buy and a consensus price target of C$11.11.
Secure Energy Services (TSE:SES) traded down 4.75% on Friday, reaching $9.42. The company’s stock had a trading volume of 503,010 shares. The firm’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. The firm has a 50-day moving average price of $8.99 and a 200 day moving average price of $8.83.
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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