Secure Energy Services Price Target Increased to C$24.00 by Analysts at RBC Capital (SES)
Stock analysts at RBC Capital hoisted their price target on shares of Secure Energy Services (TSE:SES) from C$22.00 to C$24.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 16.28% from the stock’s previous close.
A number of other analysts have also recently weighed in on SES. Analysts at National Bank Financial raised their price target on shares of Secure Energy Services from C$24.00 to C$25.50 in a research note on Friday. Separately, analysts at Scotiabank raised their price target on shares of Secure Energy Services from C$22.00 to C$23.00 in a research note on Monday, May 12th. They now have a “sector perform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Secure Energy Services from C$22.50 to C$24.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$23.95.
Shares of Secure Energy Services (TSE:SES) traded up 19.86% during mid-day trading on Friday, hitting $24.74. 1,066,199 shares of the company’s stock traded hands. Secure Energy Services has a 52 week low of $12.87 and a 52 week high of $21.12. The stock’s 50-day moving average is $19.78 and its 200-day moving average is $18.1. The company has a market cap of $2.927 billion and a price-to-earnings ratio of 52.92.
Secure Energy Services (TSE:SES) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.01. Analysts expect that Secure Energy Services will post $0.52 EPS for the current fiscal year.
The company also recently announced a jun 14 dividend, which is scheduled for Monday, June 16th. Investors of record on Sunday, June 1st will be paid a dividend of $0.0167 per share. The ex-dividend date is Wednesday, May 28th.
Secure Energy Services Inc (TSE:SES) is a diversified energy services company.
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