Raymond James Financial, Inc. Trims Secure Energy Services Inc (SES) Target Price to C$12.75
Secure Energy Services Inc (TSE:SES) had its target price cut by Raymond James Financial, Inc. from C$13.00 to C$12.75 in a research report issued to clients and investors on Wednesday. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial, Inc.’s target price indicates a potential upside of 66.02% from the company’s previous close.
Separately, Canaccord Genuity cut their price objective on shares of Secure Energy Services from C$13.25 to C$11.00 in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$12.78.
Secure Energy Services (TSE:SES) traded up 1.04% on Wednesday, hitting $7.76. 201,487 shares of the company were exchanged. Secure Energy Services has a 52 week low of $6.96 and a 52 week high of $12.04. The company has a 50 day moving average price of $8.15 and a 200-day moving average price of $9.13. The stock’s market capitalization is $1.27 billion.
In related news, insider Rene Amirault sold 6,640 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of C$7.40, for a total transaction of C$49,136.00. Also, insider Daniel Steinke sold 5,093 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of C$8.06, for a total transaction of C$41,049.58. Insiders have sold a total of 74,763 shares of company stock worth $594,914 over the last three months.
Secure Energy Services Company Profile
Secure Energy Services Inc is a Canada-based 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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