Calfrac Well Services (TSE:CFW) had its target price cut by Royal Bank of Canada from C$10.00 to C$6.00 in a research report report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research firms have also recently weighed in on CFW. Cormark decreased their target price on Trican Well Service from C$3.50 to C$1.75 in a research note on Wednesday, May 8th. National Bank Financial cut Calfrac Well Services from an outperform market weight rating to a sector perform overweight rating in a research note on Wednesday, May 1st. CIBC restated a hold rating and set a $2.50 target price on shares of Advantage Oil & Gas in a research note on Thursday. TD Securities decreased their target price on WPX Energy from $19.00 to $18.50 and set a buy rating for the company in a research note on Thursday, May 2nd. Finally, Canaccord Genuity restated a buy rating and set a $7.50 target price on shares of in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$4.66.
CFW stock opened at C$2.03 on Thursday. The stock’s 50 day simple moving average is C$2.02. The stock has a market capitalization of $293.51 million and a PE ratio of -5.02. Calfrac Well Services has a fifty-two week low of C$1.69 and a fifty-two week high of C$5.66. The company has a debt-to-equity ratio of 205.83, a quick ratio of 1.48 and a current ratio of 2.10.
Calfrac Well Services (TSE:CFW) last posted its earnings results on Wednesday, May 1st. The company reported C($0.24) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.19). The company had revenue of C$475.01 million during the quarter, compared to analysts’ expectations of C$493.33 million. Research analysts predict that Calfrac Well Services will post 0.05 EPS for the current fiscal year.
Calfrac Well Services Company Profile
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.
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