Flint Energy Services Ltd. (FES.TO) reported second quarter results that were well above expectations and show an improving business that should continue to grow both top-line revenue and EBITDA margins through 2011 and into 2012, TD Newcrest analyst Scott Treadwell is cited as saying in a Globe and Mail report. "As oil sands construction and drilling-related activity continues, we expect Flint to capture incremental work and continue to benefit from positive catalysts," he reportedly said.
Treadwell upgraded Flint Energy to a Buy from Hold, and raised his price target by $1 to $17.50.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
