Strad Energy Services (SDY) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Strad Energy Services (TSE:SDY) announced its earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08, Analyst RN reports.
Shares of Strad Energy Services (TSE:SDY) opened at 4.81 on Friday. Strad Energy Services has a 52 week low of $3.35 and a 52 week high of $5.00. The stock’s 50-day moving average is $4.77 and its 200-day moving average is $4.36. The company has a market cap of $179.2 million and a P/E ratio of 19.39.
Several analysts have recently commented on the stock. Analysts at Paradigm Capital raised their price target on shares of Strad Energy Services from C$5.50 to C$5.75 in a research note on Tuesday, July 15th. On the ratings front, analysts at Raymond James raised their price target on shares of Strad Energy Services from C$4.80 to C$5.50 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Strad Energy Services from C$4.40 to C$4.80 in a research note on Friday, May 16th.
Strad Energy Services Ltd. focuses on providing drilling rental equipment and production services to the oil and natural gas industry in the Western Canada Sedimentary Basin (TSE:SDY) and throughout the United States.
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