Calfrac Well Services Ltd. (TSE:CFW – Get Rating) – Stock analysts at Atb Cap Markets increased their Q3 2023 earnings per share estimates for shares of Calfrac Well Services in a report issued on Tuesday, May 9th. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings per share of $0.46 for the quarter, up from their prior estimate of $0.45. The consensus estimate for Calfrac Well Services’ current full-year earnings is $1.35 per share. Atb Cap Markets also issued estimates for Calfrac Well Services’ FY2023 earnings at $1.36 EPS and Q2 2024 earnings at $0.23 EPS.
Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada decreased their price objective on Calfrac Well Services from C$8.00 to C$7.00 in a report on Friday, April 14th. Stifel Nicolaus lowered their price target on Calfrac Well Services from C$14.00 to C$8.50 in a research report on Friday, March 17th. BMO Capital Markets lowered their price target on Calfrac Well Services from C$8.50 to C$5.00 in a research report on Friday, March 17th. Finally, ATB Capital lowered their price target on Calfrac Well Services from C$12.00 to C$11.50 in a research report on Monday, April 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$8.40.
Calfrac Well Services Stock Up 1.2 %
Calfrac Well Services (TSE:CFW – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported C$0.17 EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.26). Calfrac Well Services had a return on equity of 9.39% and a net margin of 0.78%. The company had revenue of C$447.85 million during the quarter, compared to the consensus estimate of C$461.25 million.
Calfrac Well Services Company Profile
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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