Secure reported 2Q15 EBITDAS that was in line with our expectations. Stronger performance out of the PRD Division offset weaker results in the Drilling Services Division. We are reducing our target price to $17.50/share from $19.00/share to reflect our reduction in estimates, but are maintaining our Outperform ranking.
30 Jul 2015
SECURE Energy Services Announces Two New Facilities and Production Chemicals Pilot
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SECURE Energy Services Announces Two New Facilities and Production Chemicals Pilot
Secure Energy Services Inc. (SES:TSE) | 0 0 (-1.3%) | Mkt Cap: 1,294m
- Published:
30 Jul 2015 -
Author:
Ian B. Gillies -
Pages:
8
Secure reported 2Q15 EBITDAS that was in line with our expectations. Stronger performance out of the PRD Division offset weaker results in the Drilling Services Division. We are reducing our target price to $17.50/share from $19.00/share to reflect our reduction in estimates, but are maintaining our Outperform ranking.