Secure Energy Services (TSE:SES) PT Lowered to C$4.25

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Secure Energy Services (TSE:SES) had its price target decreased by analysts at National Bank Financial from C$6.25 to C$4.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 308.65% from the stock’s previous close.

A number of other brokerages also recently weighed in on SES. Raymond James downgraded shares of Secure Energy Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from C$7.00 to C$2.15 in a research report on Wednesday, March 18th. TD Securities decreased their price objective on shares of Secure Energy Services from C$8.00 to C$6.50 and set a “buy” rating for the company in a research report on Tuesday, February 25th. CIBC downgraded shares of Secure Energy Services from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$6.50 to C$5.00 in a research report on Wednesday, February 26th. AltaCorp Capital reduced their price target on shares of Secure Energy Services from C$9.00 to C$8.00 in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reduced their price target on shares of Secure Energy Services from C$6.50 to C$4.25 in a research report on Monday, March 16th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned 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$5.24.

Shares of Secure Energy Services stock opened at C$1.04 on Wednesday. The firm has a 50-day simple moving average of C$3.26 and a two-hundred day simple moving average of C$4.46. The company has a market cap of $156.46 million and a P/E ratio of 104.00. Secure Energy Services has a fifty-two week low of C$0.64 and a fifty-two week high of C$8.74. The company has a debt-to-equity ratio of 61.87, a quick ratio of 1.13 and a current ratio of 1.50.

Secure Energy Services (TSE:SES) last issued its quarterly earnings data on Monday, February 24th. The company reported C$0.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.01. The firm had revenue of C$758.09 million during the quarter, compared to analyst estimates of C$722.97 million. Equities research analysts forecast that Secure Energy Services will post 0.09 EPS for the current year.

In other Secure Energy Services news, Director Rene Amirault acquired 60,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of C$3.76 per share, with a total value of C$225,300.00. Following the purchase, the director now owns 1,498,440 shares in the company, valued at C$5,626,642.20. Also, Director Daniel Steinke sold 49,133 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of C$1.36, for a total transaction of C$66,820.88. Following the sale, the director now directly owns 563,074 shares of the company’s stock, valued at approximately C$765,780.64.

Secure Energy Services Company Profile

Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.

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Analyst Recommendations for Secure Energy Services (TSE:SES)

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