Calfrac Well Services Ltd. (TSE:CFW – Get Rating) – Equities researchers at Stifel Firstegy dropped their Q3 2022 EPS estimates for Calfrac Well Services in a note issued to investors on Tuesday, September 13th. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings per share of $0.39 for the quarter, down from their previous estimate of $0.40. The consensus estimate for Calfrac Well Services' current full-year earnings is $1.06 per share. Stifel Firstegy also issued estimates for Calfrac Well Services' Q4 2022 earnings at $0.25 EPS, FY2022 earnings at ($0.04) EPS and FY2023 earnings at $1.23 EPS.
Get Calfrac Well Services alerts:Calfrac Well Services (TSE:CFW – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported C($0.18) EPS for the quarter, meeting analysts' consensus estimates of C($0.18). The firm had revenue of C$318.51 million during the quarter, compared to the consensus estimate of C$316.30 million.
Several other equities research analysts also recently issued reports on CFW. Atb Cap Markets upgraded shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of Calfrac Well Services from C$6.00 to C$6.50 in a research note on Wednesday. ATB Capital raised their price objective on shares of Calfrac Well Services from C$7.00 to C$8.00 in a research note on Friday, July 29th. Stifel Nicolaus raised their price objective on shares of Calfrac Well Services from C$6.00 to C$7.00 in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of Calfrac Well Services from C$7.00 to C$8.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Calfrac Well Services presently has a consensus rating of "Hold" and a consensus target price of C$7.00.Calfrac Well Services Trading Down 1.1 %
Shares of Calfrac Well Services stock opened at C$5.43 on Friday. The company's fifty day simple moving average is C$4.88 and its 200-day simple moving average is C$4.83. The company has a market cap of C$212.09 million and a price-to-earnings ratio of -2.50. The company has a current ratio of 1.90, a quick ratio of 1.14 and a debt-to-equity ratio of 143.97. Calfrac Well Services has a 1 year low of C$3.18 and a 1 year high of C$6.45.
Insider Activity
In other news, Director Chetan Rohit Mehta acquired 10,200 shares of the company's stock in a transaction on Friday, July 29th. The stock was purchased at an average cost of C$4.75 per share, with a total value of C$48,438.78. Following the acquisition, the director now owns 10,200 shares of the company's stock, valued at approximately C$48,438.78. In other news, Director Charles Pellerin purchased 32,400 shares of Calfrac Well Services stock in a transaction on Friday, August 5th. The stock was purchased at an average price of C$4.57 per share, with a total value of C$148,068.00. Following the transaction, the director now directly owns 242,400 shares in the company, valued at approximately C$1,107,768. Also, Director Chetan Rohit Mehta purchased 10,200 shares of Calfrac Well Services stock in a transaction on Friday, July 29th. The shares were purchased at an average cost of C$4.75 per share, with a total value of C$48,438.78. Following the transaction, the director now owns 10,200 shares in the company, valued at C$48,438.78. In the last quarter, insiders have bought 56,200 shares of company stock worth $258,387.
Calfrac Well Services Company Profile
(Get Rating)
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 stimulation services, as well as pressure pumping services to oil and natural gas industries.
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