Calfrac Well Services Ltd Expected to Post Q1 2018 Earnings of $0.04 Per Share (TSE:CFW)
Calfrac Well Services Ltd (TSE:CFW) – Research analysts at Cormark issued their Q1 2018 EPS estimates for shares of Calfrac Well Services in a research report issued on Thursday. Cormark analyst J. Zhang expects that the company will post earnings per share of $0.04 for the quarter. Cormark also issued estimates for Calfrac Well Services’ Q3 2018 earnings at $0.02 EPS and Q4 2018 earnings at $0.05 EPS.
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A number of other equities research analysts have also issued reports on CFW. Canaccord Genuity upped their price objective on shares of Calfrac Well Services from C$3.00 to C$4.25 in a report on Thursday. Royal Bank Of Canada upped their price objective on shares of Calfrac Well Services from C$4.00 to C$5.00 and gave the company a “sector perform” rating in a report on Thursday. Scotiabank upped their price objective on shares of Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets dropped their price objective on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating for the company in a report on Thursday. Finally, GMP Securities upped their price objective on shares of Calfrac Well Services from C$3.00 to C$4.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$4.77.
Calfrac Well Services (TSE CFW) opened at 3.48 on Friday. Calfrac Well Services has a 1-year low of $2.23 and a 1-year high of $5.34. The stock’s market capitalization is $475.97 million. The company’s 50 day moving average is $2.84 and its 200-day moving average is $3.59.
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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