Calfrac Well Services (CFW) PT Lowered to C$4.25 at Cormark

Calfrac Well Services (TSE:CFW) had its price target decreased by analysts at Cormark from C$7.00 to C$4.25 in a report released on Wednesday, May 8th, BayStreet.CA reports. Cormark’s price target would suggest a potential upside of 98.60% from the stock’s previous close. Cormark also issued estimates for Calfrac Well Services’ FY2019 earnings at ($0.56) EPS.

CFW has been the topic of several other research reports. BMO Capital Markets reissued a “buy” rating and issued a C$5.00 price objective (down previously from C$6.50) on shares of Calfrac Well Services in a research note on Thursday, February 28th. Raymond James raised shares of Calfrac Well Services from an “outperform” rating to a “strong-buy” rating in a research report on Friday, January 18th. National Bank Financial cut their price target on shares of Calfrac Well Services from C$4.85 to C$4.35 and set an “outperform” rating on the stock in a research report on Friday, March 1st. CIBC cut their price target on shares of Calfrac Well Services from C$6.50 to C$3.75 and set a “buy” rating on the stock in a research report on Friday, February 1st. Finally, Canaccord Genuity upped their price target on shares of Calfrac Well Services from C$3.25 to C$3.75 in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$5.04.

Shares of TSE:CFW traded down C$0.05 during trading on Wednesday, hitting C$2.14. 102,592 shares of the company were exchanged, compared to its average volume of 316,053. The company has a market capitalization of $333.99 million and a PE ratio of -5.30. The company has a debt-to-equity ratio of 205.83, a quick ratio of 1.48 and a current ratio of 2.10. Calfrac Well Services has a 1-year low of C$2.03 and a 1-year high of C$7.32.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.06). The firm had revenue of C$498.86 million for the quarter, compared to the consensus estimate of C$535.01 million. On average, equities analysts forecast that Calfrac Well Services will post 0.0497674 EPS for the current fiscal year.

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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Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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