Calfrac Well Services (CFW) Scheduled to Post Quarterly Earnings on Tuesday

Calfrac Well Services (TSE:CFW) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Calfrac Well Services to post earnings of C($0.01) per share for the quarter.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Thursday, March 14th. The company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.08). The firm had revenue of C$421.40 million during the quarter, compared to analyst estimates of C$402.50 million. Calfrac Well Services had a return on equity of 38.03% and a net margin of 10.23%.

Calfrac Well Services Trading Down 1.1 %

CFW opened at C$4.48 on Tuesday. The firm has a 50 day simple moving average of C$4.52 and a 200 day simple moving average of C$4.67. The company has a market cap of C$384.03 million, a price-to-earnings ratio of 2.00, a price-to-earnings-growth ratio of -0.30 and a beta of 1.82. Calfrac Well Services has a fifty-two week low of C$3.70 and a fifty-two week high of C$6.20. The company has a debt-to-equity ratio of 44.68, a current ratio of 2.20 and a quick ratio of 1.33.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CFW shares. Stifel Canada cut Calfrac Well Services from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. ATB Capital lowered shares of Calfrac Well Services from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$10.00 to C$6.00 in a research note on Friday, March 15th. Royal Bank of Canada dropped their price target on Calfrac Well Services from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a research note on Friday, March 15th. Finally, Stifel Nicolaus downgraded shares of Calfrac Well Services from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$7.00 to C$5.00 in a research report on Friday, March 15th.

About Calfrac Well Services

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 completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.