TD Securities Reiterates “Buy” Rating for Secure Energy Services Inc (SES)
Secure Energy Services Inc (TSE:SES)‘s stock had its “buy” rating reissued by research analysts at TD Securities in a research note issued to investors on Tuesday. They presently have a C$12.00 price objective on the stock. TD Securities’ price target suggests a potential upside of 42.69% from the company’s current price.
Other analysts have also issued reports about the company. Canaccord Genuity cut their price target on Secure Energy Services from C$13.25 to C$11.00 in a research note on Tuesday, July 11th. Raymond James Financial, Inc. cut their price target on Secure Energy Services from C$13.00 to C$12.75 and set a “strong-buy” rating on the stock in a research note on Wednesday, September 6th.
Secure Energy Services (TSE SES) opened at 8.41 on Tuesday. Secure Energy Services has a 52-week low of $6.96 and a 52-week high of $12.04. The firm’s 50-day moving average is $7.88 and its 200-day moving average is $8.81. The firm’s market capitalization is $1.37 billion.
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In related news, insider Rene Amirault sold 6,640 shares of Secure Energy Services stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$7.40, for a total value of C$49,136.00. Over the last ninety days, insiders sold 8,003 shares of company stock worth $59,296.
About Secure Energy Services
Secure Energy Services Inc is a Canada-based 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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