FY2019 EPS Estimates for Strad Energy Services Ltd (TSE:SDY) Cut by Analyst

Strad Energy Services Ltd (TSE:SDY) – Analysts at Cormark decreased their FY2019 earnings per share estimates for shares of Strad Energy Services in a report issued on Monday, November 11th. Cormark analyst B. Watson now expects that the company will post earnings of $0.08 per share for the year, down from their prior forecast of $0.09. Cormark also issued estimates for Strad Energy Services’ Q4 2019 earnings at $0.05 EPS, Q1 2020 earnings at $0.07 EPS, Q2 2020 earnings at $0.04 EPS, Q4 2020 earnings at $0.08 EPS and FY2020 earnings at $0.28 EPS.

Separately, Raymond James reaffirmed a “strong-buy” rating and issued a C$3.00 target price on shares of Strad Energy Services in a research report on Friday, November 8th.

Shares of SDY opened at C$1.65 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 15.50. The firm has a market capitalization of $96.36 million and a P/E ratio of -19.41. The stock’s fifty day simple moving average is C$1.64 and its 200 day simple moving average is C$1.63. Strad Energy Services has a twelve month low of C$1.13 and a twelve month high of C$1.80.

About Strad Energy Services

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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