Calfrac Well Services (CFW) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Calfrac Well Services (TSE: CFW) recently:

  • 7/29/2022 – Calfrac Well Services had its price target raised by analysts at Royal Bank of Canada from C$5.50 to C$7.00. They now have a “sector perform” rating on the stock.
  • 7/29/2022 – Calfrac Well Services had its price target raised by analysts at ATB Capital from C$7.00 to C$8.00.
  • 7/29/2022 – Calfrac Well Services had its price target raised by analysts at BMO Capital Markets from C$5.00 to C$6.00.
  • 7/29/2022 – Calfrac Well Services had its price target raised by analysts at Stifel Nicolaus from C$5.50 to C$6.00.
  • 7/8/2022 – Calfrac Well Services had its price target lowered by analysts at ATB Capital from C$8.00 to C$7.00. They now have a “sector perform” rating on the stock.

Calfrac Well Services Stock Performance

Shares of TSE:CFW opened at C$4.50 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.92 and a debt-to-equity ratio of 142.70. The firm has a market cap of C$173.00 million and a PE ratio of -2.07. The company’s 50 day moving average price is C$4.67 and its two-hundred day moving average price is C$4.89. Calfrac Well Services Ltd. has a 12-month low of C$2.75 and a 12-month high of C$6.45.

Calfrac Well Services (TSE:CFWGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported C($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.17) by C($0.30). The company had revenue of C$294.52 million for the quarter, compared to analyst estimates of C$305.85 million. Equities research analysts predict that Calfrac Well Services Ltd. will post 0.43 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Chetan Rohit Mehta purchased 10,200 shares of Calfrac Well Services stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of C$4.75 per share, for a total transaction of C$48,438.78. Following the transaction, the director now owns 10,200 shares of the company’s stock, valued at approximately C$48,438.78.

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 stimulation services, as well as pressure pumping services to oil and natural gas industries.

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