Q: Do you believe this stock has bottomed… and do you consider the current price @ 9 bucks an attractive entry point?
Than you!
Than you!
5i Research Answer:
It really depends on where oil and gas prices will go in terms of forming a bottom so we cannot say for sure. Nonetheless, it is trading at 9x forward earnings which is very cheap and the outlook is very strong in terms of revenue and EPS growth next year. We think this could be an attractive entry point for interested investors.