Calfrac Well Services (CFW) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Calfrac Well Services in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CFW shares.
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4 analysts have issued 1 year target prices for Calfrac Well Services' stock. Their CFW share price forecasts range from C$5.00 to C$10.00. On average, they anticipate the company's stock price to reach C$7.70 in the next twelve months. This suggests a possible upside of 42.3% from the stock's current price.
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Calfrac Well Services' stock was trading at C$6.10 on January 1st, 2023. Since then, CFW shares have decreased by 11.3% and is now trading at C$5.41.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CFW earnings forecast.

Calfrac Well Services Ltd. (TSE:CFW) released its quarterly earnings data on Thursday, August, 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.35. The firm had revenue of $466.46 million for the quarter, compared to the consensus estimate of $425.10 million. Calfrac Well Services had a net margin of 8.72% and a trailing twelve-month return on equity of 36.95%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Calfrac Well Services investors own include CA (CA), Trican Well Service (TCW), Athabasca Oil (ATH), BlackRock (BLK), Endologix (ELGX), Precision Drilling (PD), Chipotle Mexican Grill (CMG), NIC (EGOV), Aegean Marine Petroleum Network (ANW) and Gran Tierra Energy (GTE).

Calfrac Well Services trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CFW."

Shares of CFW stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CFW stock can currently be purchased for approximately C$5.41.

Calfrac Well Services (TSE:CFW) has a market capitalization of C$437.45 million and generates C$1.85 billion in revenue each year. The company earns C$146.95 million in net income (profit) each year or C$2.05 on an earnings per share basis.

The company employs 2,270 workers across the globe.

Calfrac Well Services' mailing address is 411 8 Ave SW, CALGARY, AB T2P 1E3, Canada. The official website for the company is www.calfrac.com. The company can be reached via phone at +1-403-2666000.