Q3 2018 EPS Estimates for Calfrac Well Services Ltd. (CFW) Lowered by Raymond James Financial
Calfrac Well Services Ltd. (TSE:CFW) – Stock analysts at Raymond James Financial cut their Q3 2018 earnings per share estimates for Calfrac Well Services in a report released on Friday. Raymond James Financial analyst A. Bradford now forecasts that the brokerage will post earnings of $0.18 per share for the quarter, down from their prior estimate of $0.20.
CFW has been the topic of several other reports. Royal Bank Of Canada raised their target price on shares of Calfrac Well Services from C$2.00 to C$3.00 and gave the company a “sector perform” rating in a report on Monday, June 13th. FirstEnergy Capital raised shares of Calfrac Well Services from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 12th. RBC Capital Markets decreased their price target on shares of Calfrac Well Services from C$4.50 to C$3.75 and set a “sector perform” rating on the stock in a report on Tuesday, September 6th. Evercore ISI lifted their price target on shares of Calfrac Well Services from C$2.50 to C$4.00 in a report on Wednesday, June 29th. Finally, National Bank Financial lifted their price target on shares of Calfrac Well Services from C$2.25 to C$3.15 in a report on Monday, June 13th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Calfrac Well Services has an average rating of “Hold” and a consensus price target of C$3.64.
Shares of Calfrac Well Services (TSE:CFW) opened at 3.35 on Monday. The company’s 50 day moving average is $2.98 and its 200-day moving average is $2.65. Calfrac Well Services has a 1-year low of $1.06 and a 1-year high of $4.17. The company’s market capitalization is $387.19 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.
Receive News & Stock Ratings for Calfrac Well Services Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services Ltd. and related stocks with our FREE daily email newsletter.