Stonecap Securities cut shares of Strad Energy Services (TSE: SDY) from an outperform rating to a sector perform rating in a research report sent to investors on Friday morning. The firm currently has $3.50 price target on the stock, down from their previous price target of $4.50.
Shares of Strad Energy Services traded up 2.91% during mid-day trading on Friday, hitting $3.18. Strad Energy Services has a 52 week low of $2.85 and a 52 week high of $5.70. The stock’s 50-day moving average is currently $3.54.
Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities downgraded shares of Strad Energy Services from a buy rating to an accumulate rating in a research note to investors on Friday. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, analysts at Paradigm Capital cut their price target on shares of Strad Energy Services from $5.50 to $4.75 in a research note to investors on Friday. They now have a buy rating on the stock. Finally, 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.
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