Research analysts at Paradigm Capital cut their target price on shares of Strad Energy Services (TSE: SDY) from $5.50 to $4.75 in a report released on Friday. The firm currently has a “buy” rating on the stock.
Shares of Strad Energy Services traded up 4.30% during mid-day trading on Friday, hitting $3.15. Strad Energy Services has a one year low of $3.00 and a one year high of $5.75. The stock’s 50-day moving average is currently $3.59.
Several other analysts have also recently commented on the stock. Analysts at Raymond James downgraded shares of Strad Energy Services from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $3.30 price target on the stock, down previously from $5.00. Analysts at Global Hunter Securities initiated coverage on shares of Strad Energy Services in a research note to investors on Wednesday, December 12th. They set a “buy” rating and a $5.00 price target on the stock.
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 (WCSB) and throughout the United States.
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