Calfrac Well Services (TSE:CFW) had its target price upped by Canaccord Genuity from C$1.00 to C$1.25 in a research note issued to investors on Tuesday, BayStreet.CA reports.
A number of other equities research analysts have also issued reports on CFW. Evercore reduced their price target on Calfrac Well Services from C$3.00 to C$1.00 in a research report on Monday, November 4th. TD Securities lowered Calfrac Well Services from a hold rating to a reduce rating and reduced their price target for the company from C$1.50 to C$0.50 in a research report on Friday, November 1st. National Bank Financial reduced their price target on Calfrac Well Services from C$1.75 to C$1.20 and set a sector perform rating on the stock in a research report on Monday, November 25th. Raymond James reaffirmed a market perform rating and issued a C$1.00 price target on shares of Calfrac Well Services in a research report on Friday, November 1st. Finally, CIBC reduced their price target on Calfrac Well Services from C$3.25 to C$2.25 in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of C$1.66.
CFW opened at C$1.18 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.50 and a debt-to-equity ratio of 242.32. The firm has a market cap of $172.42 million and a price-to-earnings ratio of -1.52. The stock’s 50-day moving average price is C$1.13 and its 200 day moving average price is C$1.42. Calfrac Well Services has a 12-month low of C$0.78 and a 12-month high of C$3.95.
Calfrac Well Services (TSE:CFW) last posted its quarterly earnings results on Thursday, October 31st. The company reported C($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.18). The company had revenue of C$399.22 million during the quarter, compared to analyst estimates of C$455.08 million. On average, research analysts forecast that Calfrac Well Services will post -0.77 earnings per share 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, 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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