Shares of Calfrac Well Services Ltd (TSE:CFW) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$5.11.
Several research firms have recently weighed in on CFW. CIBC cut Calfrac Well Services from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$3.75 to C$4.00 in a report on Tuesday, April 23rd. National Bank Financial cut Calfrac Well Services from an “outperform” rating to a “sector perform” rating and set a C$4.35 target price on the stock. in a report on Tuesday, April 9th. Raymond James decreased their target price on Calfrac Well Services from C$9.00 to C$7.50 and set a “strong-buy” rating on the stock in a report on Friday, March 1st. Canaccord Genuity raised their target price on Calfrac Well Services from C$3.25 to C$3.75 in a report on Wednesday, March 20th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a C$5.00 target price (down from C$6.50) on shares of Calfrac Well Services in a report on Thursday, February 28th.
TSE CFW opened at C$1.91 on Tuesday. The firm has a market cap of $261.70 million and a PE ratio of -4.73. The company has a current ratio of 2.10, a quick ratio of 1.48 and a debt-to-equity ratio of 205.83. Calfrac Well Services has a 1-year low of C$1.69 and a 1-year high of C$6.19.
Calfrac Well Services (TSE:CFW) last released its quarterly earnings results on Wednesday, May 1st. The company reported C($0.24) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.19). The firm had revenue of C$475.01 million during the quarter, compared to analysts’ expectations of C$493.33 million. As a group, analysts forecast that Calfrac Well Services will post 0.05 EPS for the current fiscal year.
Calfrac Well Services Company Profile
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.
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