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ATB Capital Raises Secured Energy Services (TSE:SES) Price Target to C$10.50


Secure Energy Services (TSE: SES – Get an Assessment) saw its price target raised by equity researchers at ATB Capital from C$9.00 to C$10.50 in a research report released Wednesday, BayStreet.CA reports. ATB Capital’s price target would point to a potential upside of 61.04% from the stock’s previous close.

Several other research companies have also recently weighed in on SES. Canaccord Genuity Group raised its price target on secure energy services from C$9.50 to C$10.00 in a research report on Wednesday, November 16. CIBC raised its price target on Secure Energy Services from C$8.50 to C$9.50 and gave the stock an “outperform” rating in a report released Thursday, Nov. 3. TD Securities downgraded Secure Energy Services from a buy rating to a hold rating and set a target price of C$8.50 for the stock. in a report on Thursday, November 3. Raymond James raised its price target on Secure Energy Services from C$8.75 to C$10.00 and gave the stock a “Strong Buy” rating in a Thursday, Nov. 3, report. Finally, BMO Capital Markets raised its target price on Secure Energy Services from CA$10.00 to CA$11.00 in a Thursday, November 3, report. One equity research analyst gave the stock a hold rating, four gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, the stock currently has a consensus buy quote and a consensus target price of C$9.72.

Stock of secured energy services down 1.7%

Shares of SES traded C$0.11 lower on Wednesday, hitting C$6.52. 161,170 shares were traded, against an average volume of 256,186. The company has a current ratio of 1.41, a quick ratio of 1.10 and a debt ratio of 89.35. The company has a market capitalization of C$2.02 billion and a P/E ratio of -10.72. The company has a 50-day moving average of C$7.24 and a 200-day moving average of C$6.44. Secure Energy Services has a fifty-two week minimum of C$5.02 and a fifty-two week maximum of C$7.85.

Secure Energy Services (TSE:SES – Get Rating) last released quarterly earnings data on Wednesday, November 2. The company reported earnings per share of C$0.19 for the quarter, beating the consensus estimate of C$0.16 by C$0.03. The company posted revenue of C$419.00 million for the quarter, compared to analyst estimates of C$374.77 million. Equity analysts expect Secure Energy Services to post EPS of 0.69 for the current year.

Secure Energy Services Company Profile

(Get a rating)

Secure Energy Services Inc, an energy services company, provides solutions to upstream oil and gas companies operating primarily in the Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure and Environmental and Fluids Management. The Company’s Midstream Infrastructure segment provides services, such as clean oil terminal, rail transshipment, pipeline transportation, crude oil marketing and custom processing, produced and waste water disposal, waste treatment fields and the purchase/resale of petroleum services through its full-service terminals. , railway facilities, oil pipelines, crude oil terminal facilities, sewage facilities and landfills.

Further reading

Analyst Recommendations for Secure Energy Services (TSE: SES)

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