Stifel Firstegy Weighs in on Calfrac Well Services Ltd.’s Q4 2022 Earnings (TSE:CFW)

Calfrac Well Services Ltd. (TSE:CFWGet Rating) – Analysts at Stifel Firstegy lifted their Q4 2022 EPS estimates for shares of Calfrac Well Services in a report released on Tuesday, November 22nd. Stifel Firstegy analyst C. Pereira now expects that the company will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.38. Stifel Firstegy currently has a “Buy” rating on the stock. The consensus estimate for Calfrac Well Services’ current full-year earnings is $1.46 per share. Stifel Firstegy also issued estimates for Calfrac Well Services’ FY2023 earnings at $2.19 EPS.

A number of other brokerages have also weighed in on CFW. Raymond James raised 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 report on Thursday, November 3rd. ATB Capital increased their target price on shares of Calfrac Well Services from C$11.50 to C$13.00 in a research report on Wednesday. Atb Cap Markets raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 13th. Royal Bank of Canada increased their target price on shares of Calfrac Well Services from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 14th. Finally, BMO Capital Markets increased their target price on shares of Calfrac Well Services from C$6.50 to C$8.50 in a research report on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Calfrac Well Services currently has an average rating of “Hold” and a consensus price target of C$10.50.

Calfrac Well Services Price Performance

Shares of CFW opened at C$6.88 on Thursday. Calfrac Well Services has a twelve month low of C$4.05 and a twelve month high of C$7.90. The firm’s fifty day simple moving average is C$6.29 and its 200-day simple moving average is C$5.33. The firm has a market capitalization of C$268.73 million and a price-to-earnings ratio of -3.17. The company has a current ratio of 2.07, a quick ratio of 1.33 and a debt-to-equity ratio of 120.62.

Insider Transactions at Calfrac Well Services

In other news, insider Sime Armoyan sold 808,296 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of C$7.26, for a total value of C$5,865,642.41. Following the completion of the sale, the insider now owns 10,708,200 shares in the company, valued at approximately C$77,707,265.76. In other news, insider Sime Armoyan sold 808,296 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of C$7.26, for a total value of C$5,865,642.41. Following the completion of the sale, the insider now owns 10,708,200 shares in the company, valued at approximately C$77,707,265.76. Also, insider Glendon Capital Management L.P. sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of C$5.67, for a total transaction of C$567,000.00. Following the completion of the sale, the insider now owns 234,124 shares of the company’s stock, valued at approximately C$1,327,483.08. In the last quarter, insiders sold 1,731,492 shares of company stock worth $10,894,870.

About Calfrac Well Services

(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.

See Also

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

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