Secure Energy Services’ (SES) Sector Perform Rating Reaffirmed at Scotiabank

Scotiabank reaffirmed their sector perform rating on shares of Secure Energy Services Inc (TSE:SES) in a research report report published on Tuesday, April 18th. Scotiabank currently has a C$13.50 price target on the stock.

A number of other equities research analysts also recently weighed in on SES. Canaccord Genuity lifted their target price on Secure Energy Services from C$13.00 to C$14.00 in a report on Tuesday, January 10th. BMO Capital Markets raised their price objective on Secure Energy Services from C$11.00 to C$13.50 in a research note on Tuesday, January 10th. Royal Bank of Canada reissued an outperform rating and issued a C$14.00 price objective on shares of Secure Energy Services in a research note on Tuesday, January 17th. National Bank Financial raised their price objective on Secure Energy Services from C$10.50 to C$13.50 in a research note on Friday, January 20th. Finally, CIBC raised their price objective on Secure Energy Services from C$11.00 to C$13.00 in a research note on Wednesday, January 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of C$13.21.

Secure Energy Services (TSE:SES) traded up 2.70% during mid-day trading on Tuesday, hitting $10.26. 371,335 shares of the stock were exchanged. Secure Energy Services has a 12-month low of $7.61 and a 12-month high of $12.04. The firm has a 50-day moving average price of $9.57 and a 200-day moving average price of $10.09. The stock’s market capitalization is $1.67 billion.

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In other Secure Energy Services news, Director George Wadsworth sold 3,603 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of C$9.44, for a total value of C$34,012.32.

About Secure Energy Services

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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