Secure Energy Services Inc (SES) Price Target Cut to C$11.00 by Analysts at Canaccord Genuity
Secure Energy Services Inc (TSE:SES) had its price target cut by Canaccord Genuity from C$13.25 to C$11.00 in a research report issued to clients and investors on Tuesday. Canaccord Genuity’s price objective would suggest a potential upside of 26.87% from the company’s current price.
Several other analysts have also weighed in on SES. Scotiabank restated a “sector perform” rating and issued a C$13.50 price objective on shares of Secure Energy Services in a report on Wednesday, May 3rd. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a C$13.15 price objective on shares of Secure Energy Services in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada cut their price objective on Secure Energy Services from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$12.83.
Shares of Secure Energy Services (SES) traded down 0.12% on Tuesday, hitting $8.66. The stock had a trading volume of 37,691 shares. Secure Energy Services has a 12-month low of $7.61 and a 12-month high of $12.04. The firm’s market cap is $1.41 billion. The company’s 50-day moving average price is $9.14 and its 200 day moving average price is $10.10.
In other news, insider Daniel Steinke sold 61,667 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of C$8.02, for a total transaction of C$494,569.34.
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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