Calfrac Well Services Ltd. (TSE:CFW) – Analysts at Cormark boosted their FY2016 EPS estimates for shares of Calfrac Well Services in a research report issued on Tuesday. Cormark analyst J. Zhang now expects that the brokerage will post earnings of ($1.24) per share for the year, up from their prior forecast of ($1.39). Cormark also issued estimates for Calfrac Well Services’ Q4 2016 earnings at ($0.33) EPS, Q1 2017 earnings at ($0.23) EPS, Q3 2017 earnings at ($0.15) EPS, Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.74) EPS and FY2018 earnings at ($0.01) EPS.

CFW has been the subject of several other research reports. BMO Capital Markets boosted their target price on shares of Calfrac Well Services from C$3.25 to C$6.50 in a research note on Tuesday. Scotiabank raised shares of Calfrac Well Services from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from C$3.00 to C$4.25 in a research note on Wednesday, December 7th. Evercore Partners Inc boosted their target price on shares of Calfrac Well Services from C$4.00 to C$6.00 in a research note on Tuesday, December 20th. RBC Capital Markets boosted their target price on shares of Calfrac Well Services from C$4.00 to C$5.00 in a research note on Friday, December 16th. Finally, Canaccord Genuity boosted their target price on shares of Calfrac Well Services from C$4.25 to C$5.25 in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$4.33.

Earnings History and Estimates for Calfrac Well Services (TSE:CFW)

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Calfrac Well Services (TSE:CFW) opened at 4.81 on Thursday. The stock has a 50 day moving average of $4.34 and a 200 day moving average of $3.41. Calfrac Well Services has a 1-year low of $1.06 and a 1-year high of $5.22. The stock’s market cap is $555.93 million.

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About Calfrac Well Services

Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.

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