Calfrac Well Services Ltd. (TSE:CFW - Free Report) - Analysts at Atb Cap Markets raised their Q3 2024 earnings estimates for Calfrac Well Services in a research report issued to clients and investors on Tuesday, May 7th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings per share of $0.38 for the quarter, up from their prior forecast of $0.29. The consensus estimate for Calfrac Well Services' current full-year earnings is $0.57 per share. Atb Cap Markets also issued estimates for Calfrac Well Services' Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.71 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $1.02 EPS and FY2026 earnings at $1.08 EPS.
A number of other equities research analysts also recently weighed in on CFW. Stifel Nicolaus reduced their price target on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a "hold" rating on the stock in a research note on Wednesday. Stifel Canada downgraded shares of Calfrac Well Services from a "buy" rating to a "hold" rating in a report on Thursday, March 14th. Royal Bank of Canada cut their price objective on Calfrac Well Services from C$5.50 to C$4.50 and set a "sector perform" rating on the stock in a report on Wednesday. Finally, ATB Capital cut Calfrac Well Services from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$10.00 to C$6.00 in a report on Friday, March 15th.
Check Out Our Latest Analysis on CFW
Calfrac Well Services Price Performance
Calfrac Well Services stock traded down C$0.11 during midday trading on Friday, reaching C$4.04. The company's stock had a trading volume of 56,094 shares, compared to its average volume of 37,960. The company has a current ratio of 2.20, a quick ratio of 1.33 and a debt-to-equity ratio of 44.68. The stock has a market cap of C$346.31 million, a PE ratio of 1.81, a price-to-earnings-growth ratio of -0.30 and a beta of 1.82. Calfrac Well Services has a 52 week low of C$3.74 and a 52 week high of C$6.20. The business has a 50-day moving average price of C$4.37 and a 200-day moving average price of C$4.62.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.08). Calfrac Well Services had a net margin of 10.23% and a return on equity of 38.03%. The business had revenue of C$421.40 million during the quarter, compared to the consensus estimate of C$402.50 million.
Calfrac Well Services Company Profile
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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.
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