Calfrac Well Services (TSE:CFW) had its price target lowered by CIBC from C$4.00 to C$3.25 in a report published on Thursday, BayStreet.CA reports.
A number of other equities research analysts have also recently commented on CFW. Raymond James reaffirmed a buy rating and set a $21.00 price objective on shares of Colfax in a research note on Thursday, May 2nd. National Bank Financial cut shares of Calfrac Well Services from an outperform market weight rating to a sector perform overweight rating in a research note on Wednesday, May 1st. TD Securities dropped their price objective on shares of WPX Energy from $19.00 to $18.50 and set a buy rating on the stock in a research note on Thursday, May 2nd. AltaCorp Capital cut shares of Calfrac Well Services from a sector perform rating to an underperform rating in a research note on Monday, July 8th. Finally, Cormark dropped their price objective on shares of Trican Well Service from C$3.50 to C$1.75 in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$4.66.
Shares of TSE:CFW opened at C$2.03 on Thursday. Calfrac Well Services has a twelve month low of C$1.69 and a twelve month high of C$5.66. The stock has a 50 day simple moving average of C$2.02. The company has a current ratio of 2.10, a quick ratio of 1.48 and a debt-to-equity ratio of 205.83. The firm has a market cap of $293.51 million and a P/E ratio of -5.02.
Calfrac Well Services (TSE:CFW) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.19). The company had revenue of C$475.01 million for the quarter, compared to the consensus estimate of C$493.33 million. On average, research analysts anticipate that Calfrac Well Services will post 0.05 EPS for the current year.
About Calfrac Well Services
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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