Canyon Services Group Inc. Forecasted to Earn Q4 2017 Earnings of $0.02 Per Share (FRC)
Canyon Services Group Inc. (TSE:FRC) – Investment analysts at Raymond James Financial lowered their Q4 2017 earnings per share (EPS) estimates for shares of Canyon Services Group in a research report issued on Friday. Raymond James Financial analyst A. Bradford now anticipates that the firm will earn $0.02 per share for the quarter, down from their previous forecast of $0.07. Raymond James Financial also issued estimates for Canyon Services Group’s Q3 2018 earnings at $0.09 EPS and FY2018 earnings at $0.28 EPS.
A number of other equities research analysts have also recently issued reports on the company. TD Securities restated a “buy” rating and issued a C$6.50 price objective on shares of Canyon Services Group in a research note on Friday, September 9th. BMO Capital Markets upped their price target on Canyon Services Group from C$5.00 to C$5.50 and gave the company a “market perform” rating in a research report on Monday, August 8th. FirstEnergy Capital upped their price target on Canyon Services Group from C$5.00 to C$6.00 and gave the company a “market perform” rating in a research report on Monday, August 8th. Scotiabank reiterated a “sector perform” rating and set a C$6.50 price target on shares of Canyon Services Group in a research report on Monday, August 8th. Finally, CIBC decreased their price target on Canyon Services Group from C$8.00 to C$7.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Canyon Services Group currently has a consensus rating of “Buy” and an average target price of C$6.18.
Shares of Canyon Services Group (TSE:FRC) traded down 1.93% on Monday, reaching $5.60. 385,186 shares of the company were exchanged. The firm’s market capitalization is $480.95 million. Canyon Services Group has a 12-month low of $2.85 and a 12-month high of $5.98. The stock’s 50-day moving average is $4.93 and its 200 day moving average is $4.92.
Canyon Services Group Company Profile
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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