Calfrac Well Services (TSE:CFW) had its price objective cut by Royal Bank of Canada from C$6.00 to C$5.50 in a research note issued to investors on Friday morning, BayStreet.CA reports.
Several other research analysts have also issued reports on CFW. Cormark dropped their target price on Calfrac Well Services from C$7.00 to C$4.25 in a research report on Wednesday, May 8th. TD Securities dropped their target price on Calfrac Well Services from C$4.25 to C$3.75 and set a hold rating for the company in a research report on Thursday, May 2nd. Canaccord Genuity dropped their target price on Calfrac Well Services from C$2.60 to C$2.20 in a research report on Tuesday, July 9th. Raymond James lowered Calfrac Well Services from a strong-buy rating to an outperform rating and lowered their price target for the company from C$7.50 to C$4.00 in a report on Friday. Finally, National Bank Financial lowered their price target on Calfrac Well Services from C$4.35 to C$2.25 and set a sector perform rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Calfrac Well Services has a consensus rating of Hold and a consensus price target of C$3.68.
Shares of TSE:CFW traded up C$0.01 during trading hours on Friday, hitting C$1.70. 637,600 shares of the company’s stock traded hands, compared to its average volume of 311,927. Calfrac Well Services has a 1 year low of C$1.65 and a 1 year high of C$5.64. The firm has a fifty day simple moving average of C$1.98. The firm has a market cap of $147.86 million and a price-to-earnings ratio of -4.21. The company has a quick ratio of 1.48, a current ratio of 2.10 and a debt-to-equity ratio of 205.83.
Calfrac Well Services (TSE:CFW) last announced its earnings results on Wednesday, May 1st. The company reported C($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.19). The business had revenue of C$475.01 million during the quarter, compared to analyst estimates of C$493.33 million. On average, analysts predict that Calfrac Well Services will post -0.07 EPS for the current 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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