Brokers Offer Predictions for Calfrac Well Services Ltd.’s FY2022 Earnings (TSE:CFW)

Calfrac Well Services Ltd. (TSE:CFWGet Rating) – Stock analysts at Atb Cap Markets boosted their FY2022 EPS estimates for shares of Calfrac Well Services in a research report issued on Tuesday, November 22nd. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of $0.75 per share for the year, up from their previous estimate of $0.67. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Calfrac Well Services’ current full-year earnings is $1.46 per share. Atb Cap Markets also issued estimates for Calfrac Well Services’ Q4 2022 earnings at $0.38 EPS, Q1 2023 earnings at $0.47 EPS, Q2 2023 earnings at $0.28 EPS, Q3 2023 earnings at $0.55 EPS, Q4 2023 earnings at $0.47 EPS, FY2023 earnings at $1.78 EPS, Q1 2024 earnings at $0.52 EPS, Q2 2024 earnings at $0.33 EPS, Q3 2024 earnings at $0.56 EPS and FY2024 earnings at $1.87 EPS.

A number of other analysts have also recently commented on CFW. BMO Capital Markets upped their price objective on shares of Calfrac Well Services from C$6.50 to C$8.50 in a research report on Thursday, November 3rd. Raymond James upped their price objective on shares of Calfrac Well Services from C$5.50 to C$10.00 and gave the company a “market perform” rating in a research report on Thursday, November 3rd. Stifel Nicolaus upped their price objective on shares of Calfrac Well Services from C$12.00 to C$13.00 in a research report on Tuesday. Stifel Firstegy upgraded shares of Calfrac Well Services from a “hold” rating to a “buy” rating in a research report on Wednesday, November 2nd. Finally, Royal Bank of Canada increased their target price on Calfrac Well Services from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$10.50.

Calfrac Well Services Price Performance

CFW opened at C$6.88 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.07 and a debt-to-equity ratio of 120.62. Calfrac Well Services has a 12 month low of C$4.05 and a 12 month high of C$7.90. The company has a fifty day simple moving average of C$6.29 and a 200 day simple moving average of C$5.33. The stock has a market cap of C$268.73 million and a P/E ratio of -3.17.

Insiders Place Their Bets

In other news, Senior Officer Edward Oke sold 46,667 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of C$7.30, for a total transaction of C$340,669.10. Following the completion of the transaction, the insider now directly owns 951 shares in the company, valued at approximately C$6,942.30. In other news, Senior Officer Edward Oke sold 46,667 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of C$7.30, for a total transaction of C$340,669.10. Following the completion of the transaction, the insider now directly owns 951 shares in the company, valued at approximately C$6,942.30. Also, insider Sime Armoyan sold 808,296 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of C$7.26, for a total transaction of C$5,865,642.41. Following the transaction, the insider now owns 10,708,200 shares of the company’s stock, valued at C$77,707,265.76. In the last 90 days, insiders sold 1,731,492 shares of company stock worth $10,894,870.

Calfrac Well Services Company Profile

(Get Rating)

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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Earnings History and Estimates for Calfrac Well Services (TSE:CFW)

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