Raymond James Financial Inc. Downgrades Secure Energy Services Inc (SES) to Outperform
Secure Energy Services Inc (TSE:SES) was downgraded by equities research analysts at Raymond James Financial Inc. from a “strong-buy” rating to an “outperform” rating in a research report issued on Friday, StockTargetPrices.com reports. They presently have a C$12.00 price target on the stock, up from their prior price target of C$10.75. Raymond James Financial Inc.’s price target indicates a potential upside of 21.33% from the stock’s current price.
A number of other research firms also recently commented on SES. TD Securities restated an “action list buy” rating and set a C$14.00 price target on shares of Secure Energy Services in a research report on Wednesday, July 13th. Cormark restated a “buy” rating on shares of Secure Energy Services in a research report on Friday, September 9th. Finally, Scotiabank downgraded shares of Secure Energy Services from an “outperform” rating to a “sector perform” rating and set a C$12.00 price target on the stock. in a research report on Monday, September 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$11.11.
Shares of Secure Energy Services (TSE:SES) traded down 4.85% during trading on Friday, hitting $9.41. 348,345 shares of the company traded hands. The firm has a 50 day moving average price of $9.00 and a 200-day moving average price of $8.83. The stock’s market cap is $1.50 billion. Secure Energy Services has a one year low of $5.33 and a one year high of $10.50.
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Secure Energy Services Company Profile
Secure Energy Services Inc is an energy services company. It owns and operates midstream infrastructure and provides environmental services and products to upstream oil and natural gas companies operating in Western Canada and certain regions in the United States. It operates through three divisions.
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