Secure Energy Services Price Target Raised to C$24.50 at Paradigm Capital (SES)
Investment analysts at Paradigm Capital boosted their price target on shares of Secure Energy Services (TSE:SES) from C$23.25 to C$24.50 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Paradigm Capital’s price target would suggest a potential upside of 18.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at FirstEnergy Capital raised their price target on shares of Secure Energy Services from C$23.00 to C$28.00 in a research note on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Secure Energy Services from C$24.00 to C$25.00 in a research note on Friday. Finally, analysts at RBC Capital raised their price target on shares of Secure Energy Services from C$22.00 to C$24.00 in a research note on Friday. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Secure Energy Services has an average rating of “Buy” and an average target price of C$23.95.
Secure Energy Services (TSE:SES) traded up 19.91% on Friday, hitting $24.75. The stock had a trading volume of 1,023,827 shares. Secure Energy Services has a one year low of $12.87 and a one year 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 $2.929 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 (EPS) for the quarter, missing the 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 declared a jun 14 dividend, which is scheduled for Monday, June 16th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.0167 per share. The ex-dividend date of this dividend is Wednesday, May 28th.
Secure Energy Services Inc (TSE:SES) is a diversified energy services company.
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