Secure Energy Services Given Consensus Recommendation of “Buy” by Brokerages (TSE:SES)
Shares of Secure Energy Services (TSE:SES) have received an average rating of “Buy” from the eleven brokerages that are covering the company, Analyst Ratings Network.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$27.55.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Secure Energy Services from C$24.00 to C$28.00 in a research note on Friday, August 15th. Separately, analysts at Scotiabank upgraded shares of Secure Energy Services to a “sector outperform” rating in a research note on Thursday, August 14th. Finally, analysts at Paradigm Capital raised their price target on shares of Secure Energy Services from C$27.50 to C$32.50 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock.
Secure Energy Services (TSE:SES) opened at 26.68 on Wednesday. Secure Energy Services has a one year low of $12.87 and a one year high of $28.05. The stock has a 50-day moving average of $24.45 and a 200-day moving average of $21.09. The company has a market cap of $3.174 billion and a price-to-earnings ratio of 58.28.
Secure Energy Services (TSE:SES) last announced its earnings results on Thursday, August 14th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.03. Analysts expect that Secure Energy Services will post $0.61 EPS for the current fiscal year.
The company also recently announced a sep 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.0167 per share. The ex-dividend date is Wednesday, August 27th.
Secure Energy Services Inc (TSE:SES) is a diversified energy services company.
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