Canaccord Genuity Raises Secure Energy Services Inc (SES) Price Target to C$11.50

Secure Energy Services Inc (TSE:SES) had its price objective upped by investment analysts at Canaccord Genuity from C$11.00 to C$11.50 in a report released on Monday. Canaccord Genuity’s price target indicates a potential upside of 30.39% from the stock’s previous close.

Several other analysts also recently issued reports on SES. GMP Securities upped their price objective on Secure Energy Services from C$11.50 to C$13.00 in a research report on Monday. TD Securities upped their price objective on Secure Energy Services from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Friday. Finally, Raymond James Financial, Inc. reduced their price objective on Secure Energy Services from C$13.00 to C$12.75 and set a “strong-buy” rating on the stock in a research report on Wednesday, September 6th.

Shares of Secure Energy Services (TSE SES) traded up C$0.13 during trading hours on Monday, hitting C$8.82. The stock had a trading volume of 474,752 shares, compared to its average volume of 324,446. Secure Energy Services has a twelve month low of C$6.96 and a twelve month high of C$12.04.

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In related news, insider Rene Amirault sold 6,640 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of C$7.40, for a total transaction of C$49,136.00. Insiders have sold 8,003 shares of company stock worth $59,296 over the last quarter.

About Secure Energy Services

Secure Energy Services Inc is a Canada-based 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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