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Stifel Firstegy Analysts Increase Earnings Estimates for Calfrac Well Services Ltd. (TSE:CFW)

Calfrac Well Services Ltd. (TSE:CFW - Get Rating) - Stock analysts at Stifel Firstegy upped their Q4 2022 EPS estimates for shares of Calfrac Well Services in a report issued on Tuesday, November 22nd. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.38. Stifel Firstegy currently has a "Buy" rating on the stock. The consensus estimate for Calfrac Well Services' current full-year earnings is $1.46 per share. Stifel Firstegy also issued estimates for Calfrac Well Services' FY2023 earnings at $2.19 EPS.

Several other research firms also recently commented on CFW. ATB Capital upped their target price on Calfrac Well Services from C$11.50 to C$13.00 in a research report on Wednesday. Raymond James upped their price objective on Calfrac Well Services from C$5.50 to C$10.00 and gave the company a "market perform" rating in a report on Thursday, November 3rd. BMO Capital Markets lifted their target price on Calfrac Well Services from C$6.50 to C$8.50 in a report on Thursday, November 3rd. Stifel Nicolaus upped their price target on shares of Calfrac Well Services from C$12.00 to C$13.00 in a research note on Tuesday. Finally, Atb Cap Markets upgraded shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$10.50.

Calfrac Well Services Trading Down 1.7 %


Shares of CFW stock opened at C$6.99 on Thursday. Calfrac Well Services has a 12-month low of C$4.05 and a 12-month high of C$7.90. The company has a market capitalization of C$273.02 million and a PE ratio of -3.22. The firm has a 50 day moving average price of C$6.27 and a two-hundred day moving average price of C$5.32. The company has a quick ratio of 1.33, a current ratio of 2.07 and a debt-to-equity ratio of 120.62.

Insider Transactions at Calfrac Well Services

In related news, insider Sime Armoyan sold 808,296 shares of the firm's stock in a transaction on Thursday, November 10th. The stock was sold at an average price of C$7.26, for a total value of C$5,865,642.41. Following the transaction, the insider now owns 10,708,200 shares in the company, valued at C$77,707,265.76. In related news, Senior Officer Edward Oke sold 46,667 shares of the firm's stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of C$7.30, for a total transaction of C$340,669.10. Following the completion of the sale, the insider now owns 951 shares of the company's stock, valued at C$6,942.30. Also, insider Sime Armoyan sold 808,296 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of C$7.26, for a total value of C$5,865,642.41. Following the transaction, the insider now owns 10,708,200 shares in the company, valued at C$77,707,265.76. In the last three months, insiders have sold 1,731,492 shares of company stock valued at $10,894,870.

Calfrac Well Services Company Profile

(Get Rating)

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

See Also

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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