Raymond James Analysts Give Secure Energy Services (TSE:SES) a C$2.15 Price Target

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Secure Energy Services (TSE:SES) has been given a C$2.15 target price by equities researchers at Raymond James in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 106.73% from the stock’s previous close. Raymond James also issued estimates for Secure Energy Services’ FY2020 earnings at ($0.28) EPS and FY2021 earnings at ($0.34) EPS.

SES has been the subject of several other research reports. AltaCorp Capital lowered 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. CIBC lowered shares of Secure Energy Services from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$6.50 to C$5.00 in a research report on Wednesday, February 26th. National Bank Financial decreased their target price on shares of Secure Energy Services from C$6.25 to C$4.25 and set an “outperform” rating for the company in a research report on Wednesday. Cormark decreased their target price on shares of Secure Energy Services from C$8.00 to C$6.00 in a research report on Wednesday, February 26th. Finally, Canaccord Genuity reduced their price objective on shares of Secure Energy Services from C$5.50 to C$2.75 in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$5.24.

Secure Energy Services stock opened at C$1.04 on Wednesday. The company has a 50-day simple moving average of C$3.26 and a 200-day simple moving average of C$4.46. The firm has a market capitalization of $156.46 million and a P/E ratio of 104.00. 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 has a one year low of C$0.64 and a one year high of C$8.74.

Secure Energy Services (TSE:SES) last released its quarterly earnings results on Monday, February 24th. The company reported C$0.02 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.01. The firm had revenue of C$758.09 million for the quarter, compared to the consensus estimate of C$722.97 million. As a group, sell-side analysts forecast that Secure Energy Services will post 0.09 earnings per share for the current year.

In other news, Director Daniel Steinke sold 49,133 shares of the firm’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 completion of the transaction, the director now owns 563,074 shares in the company, valued at approximately C$765,780.64. Also, Director Rene Amirault acquired 60,000 shares of Secure Energy Services stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of C$3.76 per share, with a total value of C$225,300.00. Following the transaction, the director now owns 1,498,440 shares in the company, valued at approximately C$5,626,642.20.

About Secure Energy Services

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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