Atb Cap Markets Research Analysts Cut Earnings Estimates for Calfrac Well Services Ltd. (TSE:CFW)

Calfrac Well Services Ltd. (TSE:CFW) – Analysts at Atb Cap Markets decreased their Q2 2024 earnings estimates for Calfrac Well Services in a research note issued to investors on Tuesday, May 7th. Atb Cap Markets analyst W. Syed now forecasts that the company will earn $0.11 per share for the quarter, down from their previous estimate of $0.14. The consensus estimate for Calfrac Well Services’ current full-year earnings is $0.57 per share. Atb Cap Markets also issued estimates for Calfrac Well Services’ Q1 2025 earnings at $0.20 EPS and Q1 2026 earnings at $0.21 EPS.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.08). The firm had revenue of C$421.40 million during the quarter, compared to analyst estimates of C$402.50 million. Calfrac Well Services had a net margin of 10.23% and a return on equity of 38.03%.

Several other equities analysts have also issued reports on CFW. Stifel Canada lowered Calfrac Well Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Royal Bank of Canada reduced their price target on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a “hold” rating on the stock in a report on Wednesday. Finally, ATB Capital cut Calfrac Well Services from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$10.00 to C$6.00 in a report on Friday, March 15th.

Calfrac Well Services Stock Up 1.0 %

Shares of Calfrac Well Services stock opened at C$4.10 on Thursday. The company has a market capitalization of C$351.45 million, a P/E ratio of 1.83, a price-to-earnings-growth ratio of -0.30 and a beta of 1.82. The company has a debt-to-equity ratio of 44.68, a current ratio of 2.20 and a quick ratio of 1.33. The business has a 50-day moving average of C$4.39 and a two-hundred day moving average of C$4.62. Calfrac Well Services has a 1 year low of C$3.74 and a 1 year high of C$6.20.

About Calfrac Well Services

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 completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.