Strad Energy Services (TSE:SDY) PT Set at C$2.10 by Raymond James

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Strad Energy Services (TSE:SDY) has been given a C$2.10 price objective by equities research analysts at Raymond James in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 20.00% from the stock’s current price. Raymond James also issued estimates for Strad Energy Services’ FY2020 earnings at ($0.06) EPS and FY2021 earnings at ($0.09) EPS.

Separately, Cormark reduced their price objective on Strad Energy Services from C$3.00 to C$2.39 in a research note on Tuesday, February 25th.

Shares of SDY opened at C$1.75 on Tuesday. The business’s fifty day moving average price is C$1.88 and its 200 day moving average price is C$1.75. Strad Energy Services has a 12-month low of C$1.05 and a 12-month high of C$2.36. The stock has a market capitalization of $92.58 million and a PE ratio of 92.11. The company has a debt-to-equity ratio of 16.05, a current ratio of 1.46 and a quick ratio of 1.41.

Strad Energy Services (TSE:SDY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.06). The company had revenue of C$39.38 million during the quarter, compared to analysts’ expectations of C$33.00 million. As a group, research analysts anticipate that Strad Energy Services will post 0.13 earnings per share for the current fiscal year.

Strad Energy Services Company Profile

Strad Energy Services Ltd. provides rental equipment and matting solutions to the oil and gas, pipeline, power transmission, and mining sectors in Canada and the United States. The company operates in two segments, Industrial Matting and Equipment Rentals. It offers tank farms, BBL tanks, BBL single wall horizontal tanks, agitator and flare tanks, floc and premix tanks, potable water storage sheds, EcoPond composites, shale bins, pipe racks and tubs, and containment systems; generators and heaters; and centrifuges, mobile centrifuge dewatering units, and linear motion drying shakers.

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