Calfrac Well Services (TSE:CFW) Price Target Cut to C$4.50

Calfrac Well Services (TSE:CFW - Free Report) had its price objective lowered by Royal Bank of Canada from C$5.50 to C$4.50 in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

CFW has been the topic of several other reports. Stifel Canada lowered Calfrac Well Services from a buy rating to a hold rating in a report on Thursday, March 14th. ATB Capital lowered Calfrac Well Services from an outperform rating to a sector perform rating and reduced their target price for the stock from C$10.00 to C$6.00 in a report on Friday, March 15th. Finally, Stifel Nicolaus reduced their target price on Calfrac Well Services from C$5.00 to C$4.50 and set a hold rating on the stock in a report on Wednesday.

Calfrac Well Services Stock Performance

CFW traded up C$0.04 during trading hours on Wednesday, reaching C$4.10. The company's stock had a trading volume of 35,610 shares, compared to its average volume of 36,943. Calfrac Well Services has a 52 week low of C$3.74 and a 52 week high of C$6.20. The company's 50-day moving average is C$4.41 and its 200-day moving average is C$4.63. The company has a debt-to-equity ratio of 44.68, a quick ratio of 1.33 and a current ratio of 2.20. The firm has a market cap of C$351.45 million, a PE ratio of 1.80, a price-to-earnings-growth ratio of -0.30 and a beta of 1.82.

Calfrac Well Services (TSE:CFW - Get Free Report) last posted its quarterly 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). 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. On average, equities analysts forecast that Calfrac Well Services will post 0.5686813 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, 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.