Calfrac Well Services (CFW) to Release Quarterly Earnings on Tuesday

Calfrac Well Services (TSE:CFW) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Calfrac Well Services to post earnings of C($0.01) per share for the quarter.

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

Calfrac Well Services Stock Performance

CFW opened at C$4.14 on Monday. The company has a market capitalization of C$354.88 million, a price-to-earnings ratio of 1.85, a P/E/G ratio of -0.30 and a beta of 1.82. The business’s 50-day moving average price is C$4.44 and its two-hundred day moving average price is C$4.64. Calfrac Well Services has a 1 year low of C$3.72 and a 1 year high of C$6.20. The company has a debt-to-equity ratio of 44.68, a current ratio of 2.20 and a quick ratio of 1.33.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada dropped their target price on Calfrac Well Services from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a research report on Friday, March 15th. ATB Capital downgraded shares of Calfrac Well Services from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$10.00 to C$6.00 in a report on Friday, March 15th. Stifel Nicolaus cut shares of Calfrac Well Services from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$7.00 to C$5.00 in a report on Friday, March 15th. Finally, Stifel Canada lowered shares of Calfrac Well Services from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th.

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.