Secure Energy Services Price Target Raised to C$25.00 at Canaccord Genuity (SES)
Equities research analysts at Canaccord Genuity upped their target price on shares of Secure Energy Services (TSE:SES) from C$24.00 to C$25.00 in a research note issued to investors on Friday. Canaccord Genuity’s target price would suggest a potential upside of 21.12% from the stock’s previous close.
A number of other firms have also recently commented on SES. 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. Separately, 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. Finally, 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. Two research 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 stock has a consensus rating of “Buy” and an average target price of C$23.95.
Shares of Secure Energy Services (TSE:SES) traded up 19.86% 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 has a 50-day moving average of $19.78 and a 200-day moving average of $18.1. The company has a market cap of $2.927 billion and a P/E ratio of 52.92.
Secure Energy Services (TSE:SES) last announced its 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. On average, analysts predict that Secure Energy Services will post $0.52 earnings per share 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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