Secure Energy Services (SES) Gets a Sell Rating from Scotiabank

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Secure Energy Services (SESResearch Report). The company received a Sell on November 29 from Scotiabank’s analyst Vladislav Vlad, with a C$7 price target.

Vlad has an average return of 18.2% when recommending Secure Energy Services.

According to TipRanks.com, Vlad is ranked #1882 out of 5131 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Secure Energy Services with a C$11 average price target.

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 Friday at C$7.20, close to its 52-week low of C$6.98.