Calfrac Well Services (CFW) to Release Quarterly Earnings on Tuesday

Posted by Tammy Falkenburg on May 5th, 2024

$Calfrac Well Services logo$ Calfrac Well Services (TSE:CFW – Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of C($0.01) per share for the quarter.

Calfrac Well Services (TSE:CFW – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.15 earnings per share for the quarter, missing the consensus estimate of C$0.23 by C($0.08). The company had revenue of C$421.40 million for the quarter, compared to analysts’ expectations 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 0.2 %

TSE CFW opened at C$4.14 on Friday. The firm’s fifty day moving average price is C$4.44 and its 200 day moving average price is C$4.65. Calfrac Well Services has a 12 month low of C$3.74 and a 12 month 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. The company has a market capitalization of C$354.88 million, a price-to-earnings ratio of 1.85, a price-to-earnings-growth ratio of -0.30 and a beta of 1.82.

Analysts Set New Price Targets

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

View Our Latest Report on CFW

Calfrac Well Services Company Profile

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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.