Calfrac Well Services Ltd. (TSE:CFW) – Equities researchers at Raymond James Financial lowered their Q3 2018 earnings estimates for shares of Calfrac Well Services in a report issued on Friday. Raymond James Financial analyst A. Bradford now anticipates that the brokerage will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.20.
Several other analysts have also commented on CFW. Evercore ISI raised their price target on shares of Calfrac Well Services from C$2.50 to C$4.00 in a research report on Wednesday, June 29th. Evercore Partners Inc. raised their price target on shares of Calfrac Well Services from C$2.50 to C$4.00 in a research report on Wednesday, June 29th. National Bank Financial upgraded shares of Calfrac Well Services from a “sector perform market weight” rating to an “outperfrom under weight” rating in a research report on Monday, July 4th. FirstEnergy Capital raised shares of Calfrac Well Services from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 12th. Finally, CIBC increased their price objective on shares of Calfrac Well Services from C$3.50 to C$4.50 in a report on Wednesday, July 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$3.64.
Calfrac Well Services (TSE:CFW) traded down 5.03% during midday trading on Monday, reaching $3.21. 985,934 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $2.97 and its 200-day moving average is $2.68. Calfrac Well Services has a 12-month low of $1.06 and a 12-month high of $4.17. The stock’s market capitalization is $371.01 million.
Calfrac Well Services Company Profile
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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