Secure Energy Services Inc (TSE:SES) – Equities research analysts at Cormark increased their Q3 2020 EPS estimates for Secure Energy Services in a report released on Wednesday, July 29th. Cormark analyst B. Watson now expects that the company will post earnings of ($0.07) per share for the quarter, up from their prior forecast of ($0.09). Cormark also issued estimates for Secure Energy Services’ Q4 2020 earnings at ($0.03) EPS, Q1 2021 earnings at ($0.04) EPS, Q2 2021 earnings at ($0.12) EPS, Q3 2021 earnings at ($0.03) EPS, Q4 2021 earnings at $0.02 EPS and FY2021 earnings at ($0.17) EPS.
A number of other research analysts have also weighed in on the company. TD Securities dropped their price objective on Secure Energy Services from C$3.00 to C$2.50 and set a “buy” rating on the stock in a report on Wednesday, April 29th. National Bank Financial upped their price objective on Secure Energy Services from C$2.75 to C$3.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. CIBC decreased their target price on Secure Energy Services from C$3.00 to C$2.50 in a research report on Wednesday, April 22nd. Scotiabank decreased their target price on Secure Energy Services from C$5.50 to C$1.25 in a research report on Tuesday, April 14th. Finally, Canaccord Genuity boosted their target price on Secure Energy Services from C$1.50 to C$2.00 in a research report on Thursday, June 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$3.59.
Secure Energy Services Company Profile
Secure Energy Services Inc provides integrated and specialized services to upstream oil and natural gas companies operating in the Western and the United States. The company's Processing, Recovery and Disposal division owns and operates midstream infrastructure that provides services, such as storing, shipping, clean oil terminalling, rail transloading, marketing of oil, treatment, oilfield waste processing, landfill disposal, and produced and waste water disposal, as well as the purchase and resale of oil.
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