In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Secure Energy Services (SES). Analyst Andrew Bradford from Raymond James remains bullish on the stock and has a C$13.50 price target.
According to TipRanks.com, Bradford has 0 stars on 0-5 star ranking scale with an average return of -19.1% and a 27.4% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.
Currently, the analyst consensus on Secure Energy Services is a Moderate Buy with an average price target of C$10.80.
Based on Secure Energy Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$6.81 million. In comparison, last year the company had a GAAP net loss of C$179K.
Secure Energy Services, Inc. engages in the provision of safe and environmentally responsible fluids and solids solutions to the oil and gas industry. It operates through the following business segments: Processing, Recovery and Disposal Services (PRD); Drilling and Production Services (DPS); Onsite (OS); and Corporate.
The company’s shares closed on Tuesday at C$7.21, close to its 52-week low of C$6.72.
