Strad Energy Services Ltd Forecasted to Post FY2020 Earnings of $0.17 Per Share (TSE:SDY)

Strad Energy Services Ltd (TSE:SDY) – Investment analysts at Raymond James decreased their FY2020 EPS estimates for Strad Energy Services in a report issued on Friday, November 8th. Raymond James analyst A. Bradford now expects that the company will earn $0.17 per share for the year, down from their prior forecast of $0.20. Raymond James has a “Strong-Buy” rating and a $3.00 price objective on the stock.

Strad Energy Services stock remained flat at $C$1.75 during midday trading on Monday. The company’s stock had a trading volume of 43,800 shares, compared to its average volume of 53,208. The stock’s 50-day simple moving average is C$1.64 and its 200-day simple moving average is C$1.63. The company has a debt-to-equity ratio of 15.50, a current ratio of 1.33 and a quick ratio of 1.26. Strad Energy Services has a 52 week low of C$1.13 and a 52 week high of C$1.80. The firm has a market capitalization of $96.36 million and a PE ratio of -20.59.

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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Earnings History and Estimates for Strad Energy Services (TSE:SDY)

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