Secure Energy Services Inc (SES) to Post FY2016 Earnings of ($0.21) Per Share, Cormark Forecasts
Secure Energy Services Inc (TSE:SES) – Investment analysts at Cormark boosted their FY2016 EPS estimates for shares of Secure Energy Services in a research note issued on Monday. Cormark analyst J. Zhang now expects that the brokerage will earn ($0.21) per share for the year, up from their previous forecast of ($0.27). Cormark currently has a “Buy” rating on the stock. Cormark also issued estimates for Secure Energy Services’ Q4 2016 earnings at $0.03 EPS, Q1 2017 earnings at $0.03 EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at $0.02 EPS and FY2017 earnings at $0.06 EPS.
Other research analysts also recently issued reports about the stock. Canaccord Genuity upped their target price on shares of Secure Energy Services from C$11.50 to C$12.00 in a research report on Thursday, October 13th. TD Securities restated a “buy” rating and set a C$12.00 target price on shares of Secure Energy Services in a research report on Wednesday, October 26th. Scotiabank upgraded shares of Secure Energy Services from a “sector perform” rating to an “outperform” rating and set a C$12.00 target price on the stock in a research report on Thursday, July 28th. Finally, Raymond James Financial Inc. downgraded shares of Secure Energy Services from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from C$10.75 to C$12.00 in a research report on Friday, October 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$11.09.
Shares of Secure Energy Services (TSE:SES) opened at 8.88 on Wednesday. The company’s market cap is $1.42 billion. Secure Energy Services has a 1-year low of $5.33 and a 1-year high of $10.21. The company has a 50-day moving average price of $8.90 and a 200-day moving average price of $8.85.
Secure Energy Services Company Profile
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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