Raymond James reissued their strong-buy rating on shares of Strad Energy Services (TSE:SDY) in a research report released on Friday morning, BayStreet.CA reports. Raymond James currently has a C$3.00 target price on the stock. Raymond James also issued estimates for Strad Energy Services’ FY2020 earnings at $0.17 EPS.

Strad Energy Services stock opened at C$1.75 on Friday. The stock has a market cap of $96.36 million and a P/E ratio of -20.59. 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 1 year low of C$1.13 and a 1 year high of C$1.80. The firm’s 50 day moving average price is C$1.64 and its 200-day moving average price is C$1.63.

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Receive News & Ratings for Strad Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strad Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.