Secure Energy Services Inc (SES) Downgraded to “Outperform” at Raymond James Financial Inc.

Raymond James Financial Inc. lowered shares of Secure Energy Services Inc (TSE:SES) from a strong-buy rating to an outperform rating in a research report sent to investors on Friday. They currently have C$12.00 price target on the stock, up from their prior price target of C$10.75.

A number of other research analysts have also commented on SES. TD Securities reiterated an action list buy rating and issued a C$14.00 price objective on shares of Secure Energy Services in a research report on Wednesday, July 13th. Scotiabank upgraded Secure Energy Services from a sector perform rating to an outperform rating and set a C$12.00 price objective on the stock in a research report on Thursday, July 28th. Finally, Cormark reiterated a buy rating on shares of Secure Energy Services in a research report on Friday, September 9th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$11.11.

Analyst Recommendations for Secure Energy Services (TSE:SES)

Shares of Secure Energy Services (TSE:SES) traded down 4.75% during midday trading on Friday, hitting $9.42. The stock had a trading volume of 503,010 shares. Secure Energy Services has a 52 week low of $5.33 and a 52 week high of $10.50. The stock has a 50 day moving average price of $8.99 and a 200-day moving average price of $8.83. The stock’s market capitalization is $1.50 billion.

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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