Calfrac Well Services (TSE:CFW – Get Free Report) had its price target lowered by equities researchers at Royal Bank of Canada from C$5.50 to C$4.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 11.66% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on CFW. ATB Capital cut shares of Calfrac Well Services from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$10.00 to C$6.00 in a research report on Friday, March 15th. Stifel Nicolaus decreased their price target on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a “hold” rating for the company in a research report on Wednesday. Finally, Stifel Canada cut shares of Calfrac Well Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th.
Check Out Our Latest Research Report on Calfrac Well Services
Calfrac Well Services Trading Down 0.7 %
Calfrac Well Services (TSE:CFW – Get Free Report) last posted its quarterly earnings data 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). The company had revenue of C$421.40 million for the quarter, compared to analysts’ expectations of C$402.50 million. Calfrac Well Services had a return on equity of 38.03% and a net margin of 10.23%. Equities research analysts forecast that Calfrac Well Services will post 0.5686813 EPS for the current year.
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.
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