Calfrac Well Services (CFW) to Release Quarterly Earnings on Tuesday

Calfrac Well Services (TSE:CFW) will be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of C($0.01) per share for the quarter.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.08). Calfrac Well Services had a return on equity of 38.03% and a net margin of 10.23%. The business had revenue of C$421.40 million during the quarter, compared to analysts’ expectations of C$402.50 million.

Calfrac Well Services Stock Performance

Calfrac Well Services stock opened at C$4.14 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.20 and a debt-to-equity ratio of 44.68. Calfrac Well Services has a twelve month low of C$3.74 and a twelve month high of C$6.20. The company’s 50-day moving average price is C$4.44 and its 200-day moving average price is C$4.65. The company has a market cap of C$354.88 million, a PE ratio of 1.85, a price-to-earnings-growth ratio of -0.30 and a beta of 1.82.

Analysts Set New Price Targets

CFW has been the subject of several analyst reports. Stifel Nicolaus lowered Calfrac Well Services from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$7.00 to C$5.00 in a research note on Friday, March 15th. Stifel Canada downgraded Calfrac Well Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. ATB Capital cut shares of Calfrac Well Services from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$10.00 to C$6.00 in a research report on Friday, March 15th. Finally, Royal Bank of Canada reduced their target price on shares of Calfrac Well Services from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a research note on Friday, March 15th.

About Calfrac Well Services

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.