Calfrac Well Services Ltd Forecasted to Post FY2020 Earnings of ($2.40) Per Share (TSE:CFW)

Calfrac Well Services Ltd (TSE:CFW) – Raymond James lowered their FY2020 EPS estimates for Calfrac Well Services in a report issued on Thursday, June 25th. Raymond James analyst A. Bradford now expects that the company will post earnings per share of ($2.40) for the year, down from their prior estimate of ($1.25). Raymond James has a “Underperform” rating on the stock. Raymond James also issued estimates for Calfrac Well Services’ FY2021 earnings at ($2.07) EPS.

Calfrac Well Services (TSE:CFW) last announced its earnings results on Thursday, June 25th. The company reported C($0.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.42) by C($0.21). The firm had revenue of C$305.52 million for the quarter, compared to the consensus estimate of C$319.30 million.

Several other equities analysts have also weighed in on the stock. National Bank Financial lowered shares of Calfrac Well Services from a “sector perform” rating to an “underperform” rating in a report on Monday, April 27th. Canaccord Genuity cut their price target on shares of Calfrac Well Services from C$1.25 to C$0.40 in a research note on Tuesday, March 10th. Scotiabank cut their price target on shares of Calfrac Well Services from C$1.00 to C$0.90 in a research note on Friday, March 6th. Cormark cut their price target on shares of Calfrac Well Services from C$1.60 to C$1.00 in a research note on Friday, March 6th. Finally, Royal Bank of Canada cut shares of Calfrac Well Services from a “sector perform” rating to an “underperform” rating and cut their price target for the company from C$1.00 to C$0.40 in a research note on Monday, March 16th. Six research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus target price of C$0.89.

Shares of CFW stock opened at C$0.18 on Monday. Calfrac Well Services has a 1 year low of C$0.13 and a 1 year high of C$2.14. The firm’s 50 day moving average is C$0.22 and its 200-day moving average is C$0.61. The firm has a market capitalization of $29.76 million and a price-to-earnings ratio of -0.17. The company has a current ratio of 2.58, a quick ratio of 1.66 and a debt-to-equity ratio of 273.35.

About Calfrac Well Services

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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Earnings History and Estimates for Calfrac Well Services (TSE:CFW)

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