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Secure Energy Services (TSE:SES) was upgraded by equities researchers at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued on Friday, Analyst Ratings Network.com reports. The firm currently has a C$24.00 target price on the stock, up from their previous target price of C$18.00. Raymond James’ price objective indicates a potential upside of 23.52% from the stock’s previous close.

Secure Energy Services (TSE:SES) traded up 3.14% on Friday, hitting $20.04. 467,085 shares of the company’s stock traded hands. Secure Energy Services has a 1-year low of $12.87 and a 1-year high of $20.27. The stock has a 50-day moving average of $19.3 and a 200-day moving average of $17.28. The company has a market cap of $2.354 billion and a P/E ratio of 53.97.

The company also recently declared a may 14 dividend, which is scheduled for Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.0167 per share. This represents a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, April 29th.

Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Secure Energy Services from C$20.00 to C$24.00 in a research note on Friday. Separately, analysts at RBC Capital raised their price target on shares of Secure Energy Services from C$21.00 to C$22.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Secure Energy Services to a “buy” rating in a research note on Friday, April 25th. They now have a C$22.50 price target on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$21.83.

Secure Energy Services Inc (TSE:SES) is a diversified energy services company.

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