Canyon Services Group Inc., which provides fracturing and chemical stimulation services to oil and gas companies in Western Canada, reported better-than-expected earnings in the fourth quarter as demand for its services soars. Yet, Canyon Services continues to trade at a discount to its peers “despite zero financial leverage and a younger fleet,” commented Wellingston West Capital Markets Inc. analyst Greg Colman.
Upside: Mr. Colman raised his price target by $4 to $17.
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