Secure Energy Services Inc Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

 Secure Energy Services Inc Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Secure Energy Services Inc (TSE:SES) hit a new 52-week high and has $11.23 target or 8.00% above today’s $10.40 share price. The 5 months bullish chart indicates low risk for the $1.87B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $11.23 price target is reached, the company will be worth $149.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.19M shares traded hands or 136.83% up from the average. Secure Energy Services Inc (TSE:SES) has risen 5.89% since April 27, 2016 and is uptrending. It has underperformed by 0.04% the S&P500.

Secure Energy Services Inc (TSE:SES) Ratings Coverage

Out of 7 analysts covering Secure Energy Services Inc. (TSE:SES), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $21 is the highest target while $9 is the lowest. The $12 average target is 15.38% above today’s ($10.4) stock price. Secure Energy Services Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 9 by Cormark Securities. RBC Capital Markets maintained Secure Energy Services Inc (TSE:SES) on Tuesday, November 17 with “Outperform” rating. As per Friday, November 4, the company rating was maintained by Scotia Capital. TD Securities maintained the shares of SES in a report on Friday, November 4 with “Buy” rating. The rating was downgraded by Raymond James on Friday, October 7 to “Outperform”.

More recent Secure Energy Services Inc (TSE:SES) news were published by: Forbes.com which released: “Secure Energy Services Becomes Oversold (SES)” on June 15, 2015. Also Marketwired.com published the news titled: “SECURE Energy Services Inc. Announces $91.8 Million Bought Deal Financing” on March 02, 2016. Marketwired.com‘s news article titled: “Secure Energy Services Inc. Announces Strategic Acquisition of Predator …” with publication date: August 12, 2014 was also an interesting one.

Secure Energy Services Inc. is an energy services company. The company has a market cap of $1.87 billion. 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 currently has negative earnings. It operates through three divisions.

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