Calfrac Well Services Ltd. (TSE:CFW - Free Report) - Equities researchers at Atb Cap Markets dropped their Q3 2024 EPS estimates for shares of Calfrac Well Services in a note issued to investors on Sunday, April 7th. Atb Cap Markets analyst W. Syed now forecasts that the company will earn $0.29 per share for the quarter, down from their prior forecast of $0.30. The consensus estimate for Calfrac Well Services' current full-year earnings is $0.63 per share. Atb Cap Markets also issued estimates for Calfrac Well Services' Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.81 EPS and Q1 2026 earnings at $0.24 EPS.
Other analysts also recently issued reports about the stock. Royal Bank of Canada cut their price objective on shares of Calfrac Well Services from C$6.50 to C$5.50 and set a "sector perform" rating on the stock in a research report on Friday, March 15th. ATB Capital downgraded shares of Calfrac Well Services from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$10.00 to C$6.00 in a research report on Friday, March 15th. Stifel Nicolaus downgraded shares of Calfrac Well Services from a "buy" rating to a "hold" rating and cut their price objective for the company from C$7.00 to C$5.00 in a research report on Friday, March 15th. Finally, Stifel Canada downgraded shares of Calfrac Well Services from a "buy" rating to a "hold" rating in a research report on Thursday, March 14th.
Check Out Our Latest Research Report on Calfrac Well Services
Calfrac Well Services Stock Up 2.0 %
Shares of TSE:CFW traded up C$0.09 during midday trading on Wednesday, reaching C$4.54. The company's stock had a trading volume of 56,184 shares, compared to its average volume of 35,980. Calfrac Well Services has a 12-month low of C$3.70 and a 12-month high of C$6.20. The firm has a 50 day moving average of C$4.66 and a 200-day moving average of C$4.75. The firm has a market capitalization of C$389.17 million, a P/E ratio of 2.03, a PEG ratio of -0.30 and a beta of 1.86. The company has a quick ratio of 1.33, a current ratio of 2.20 and a debt-to-equity ratio of 44.68.
Calfrac Well Services (TSE:CFW - Get Free Report) last released its earnings results on Thursday, March 14th. The company reported C$0.15 earnings per share for the quarter, missing analysts' consensus estimates of C$0.23 by C($0.08). The business had revenue of C$421.40 million during the quarter, compared to analysts' expectations of C$402.50 million. Calfrac Well Services had a return on equity of 38.03% and a net margin of 10.23%.
About Calfrac Well Services
(
Get Free Report)
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 completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.
Read More
Before you consider Calfrac Well Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Calfrac Well Services wasn't on the list.
While Calfrac Well Services currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
