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.
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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