Calfrac Well Services Ltd (TSE:CFW) Receives C$3.53 Average PT from Brokerages

Calfrac Well Services Ltd (TSE:CFW) has been given a consensus rating of “Hold” by the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$3.10.

A number of brokerages have issued reports on CFW. TD Securities reduced their price target on shares of Calfrac Well Services from C$2.00 to C$1.50 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Canaccord Genuity reduced their price target on shares of Calfrac Well Services from C$2.20 to C$1.60 in a report on Friday, August 16th. CIBC reduced their price target on shares of Calfrac Well Services from C$3.25 to C$2.25 in a report on Tuesday, October 15th. Royal Bank of Canada downgraded shares of Calfrac Well Services from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$5.50 to C$1.75 in a report on Monday. Finally, BMO Capital Markets reduced their price target on shares of Calfrac Well Services from C$5.00 to C$2.00 in a report on Friday, August 2nd.

TSE CFW traded down C$0.03 on Monday, reaching C$1.27. The company had a trading volume of 96,951 shares, compared to its average volume of 295,972. The company has a quick ratio of 1.62, a current ratio of 2.43 and a debt-to-equity ratio of 226.98. The stock has a market capitalization of $188.07 million and a PE ratio of -2.75. The firm’s 50 day moving average price is C$1.51 and its 200 day moving average price is C$2.12. Calfrac Well Services has a 12 month low of C$1.22 and a 12 month high of C$4.82.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Thursday, August 1st. The company reported C($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.18) by C($0.11). The business had revenue of C$429.64 million for the quarter, compared to the consensus estimate of C$443.63 million. On average, research analysts expect that Calfrac Well Services will post -0.43 EPS 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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Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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