Calfrac Well Services (TSE:CFW – Free Report) had its target price trimmed by Royal Bank of Canada from C$5.50 to C$4.50 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Several other research firms have also commented on CFW. Stifel Canada lowered Calfrac Well Services from a buy rating to a hold rating in a research note on Thursday, March 14th. ATB Capital cut shares of Calfrac Well Services from an outperform rating to a sector perform rating and cut their target price for the company from C$10.00 to C$6.00 in a research note on Friday, March 15th. Finally, 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 on the stock in a research note on Wednesday.
Read Our Latest Analysis on Calfrac Well Services
Calfrac Well Services Stock Performance
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 (EPS) 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 business had revenue of C$421.40 million during the quarter, compared to analysts’ expectations of C$402.50 million. As a group, analysts anticipate 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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