Calfrac Well Services Expected to Post Q1 2018 Earnings of $0.06 Per Share (CFW)

Calfrac Well Services (TSE:CFW) – Piper Jaffray issued their Q1 2018 earnings per share (EPS) estimates for Calfrac Well Services in a report issued on Thursday, April 5th. Piper Jaffray analyst J. Daniel expects that the company will post earnings per share of $0.06 for the quarter. Piper Jaffray also issued estimates for Calfrac Well Services’ Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.51 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.72 EPS.

How to Become a New Pot Stock Millionaire

Calfrac Well Services (TSE:CFW) last released its earnings results on Thursday, March 1st. The company reported C($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.07). Calfrac Well Services had a return on equity of 6.51% and a net margin of 1.49%. The company had revenue of C$485.46 million for the quarter, compared to analyst estimates of C$425.37 million.

Several other research firms have also recently commented on CFW. Raymond James Financial boosted their target price on Calfrac Well Services from C$8.50 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. National Bank Financial cut Calfrac Well Services from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$7.50 to C$7.00 in a research note on Friday, March 2nd. Evercore boosted their target price on Calfrac Well Services from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 6th. BMO Capital Markets boosted their target price on Calfrac Well Services from C$6.00 to C$8.00 and gave the stock a “market perform” rating in a research note on Friday, March 2nd. Finally, CIBC raised Calfrac Well Services from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$6.75 to C$9.50 in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$7.68.

CFW opened at C$5.60 on Monday. Calfrac Well Services has a 12 month low of C$2.23 and a 12 month high of C$7.49.

In other Calfrac Well Services news, insider Scott Antony Treadwell sold 25,000 shares of Calfrac Well Services stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of C$5.65, for a total transaction of C$141,250.00.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/09/calfrac-well-services-expected-to-post-q1-2018-earnings-of-0-06-per-share-cfw.html.

About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, and Latin America. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.

Earnings History and Estimates for Calfrac Well Services (TSE:CFW)

Receive News & Ratings for Calfrac Well Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply