Q3 2017 Earnings Estimate for Strad Energy Services Ltd Issued By Raymond James Financial (SDY)
Strad Energy Services Ltd (TSE:SDY) – Analysts at Raymond James Financial lowered their Q3 2017 earnings estimates for Strad Energy Services in a research report issued to clients and investors on Friday. Raymond James Financial analyst A. Bradford now expects that the brokerage will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.06. Raymond James Financial also issued estimates for Strad Energy Services’ Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.08 EPS and FY2018 earnings at $0.31 EPS.
Separately, AltaCorp Capital raised Strad Energy Services from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 14th.
Shares of Strad Energy Services (TSE:SDY) opened at 1.74 on Monday. Strad Energy Services has a 52 week low of $1.31 and a 52 week high of $2.56. The firm has a 50-day moving average price of $1.60 and a 200-day moving average price of $1.59. The stock’s market cap is $64.87 million.
About Strad Energy Services
Strad Energy Services Ltd. is engaged in providing a range of well-site and energy infrastructure solutions, including Surface Equipment, Environmental and Access Matting, Solids Control and Waste Management, EcoPond (frac-water storage), Drill Pipe and Matting Manufacturing. Its commodity exposure includes conventional and unconventional oil, liquids rich natural gas, and dry natural gas, as well as exposure to Energy Infrastructure projects related to oil sands, pipelines and power transmission.
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