Brokers Issue Forecasts for Calfrac Well Services Ltd’s Q3 2017 Earnings (CFW)
Calfrac Well Services Ltd (TSE:CFW) – Research analysts at National Bank Financial increased their Q3 2017 earnings per share estimates for shares of Calfrac Well Services in a report released on Wednesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings per share of ($0.03) for the quarter, up from their prior forecast of ($0.11). National Bank Financial currently has a “Outperform” rating and a $5.75 target price on the stock. National Bank Financial also issued estimates for Calfrac Well Services’ Q4 2017 earnings at ($0.15) EPS and FY2017 earnings at ($0.50) EPS.
Other analysts have also recently issued reports about the company. CIBC lowered their price target on Calfrac Well Services from C$5.75 to C$4.00 in a research note on Thursday, July 20th. Canaccord Genuity lowered their price target on Calfrac Well Services from C$4.00 to C$3.00 in a research note on Tuesday, July 11th. GMP Securities upped their price target on Calfrac Well Services from C$3.00 to C$4.00 in a research note on Thursday, July 27th. BMO Capital Markets lowered their price target on Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating for the company in a research note on Thursday, July 27th. Finally, Scotiabank upped their price target on Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Calfrac Well Services currently has a consensus rating of “Hold” and a consensus target price of C$4.77.
Calfrac Well Services (CFW) opened at 3.34 on Monday. The firm’s market cap is $456.82 million. Calfrac Well Services has a 52 week low of $2.23 and a 52 week high of $5.34. The stock has a 50 day moving average of $2.85 and a 200 day moving average of $3.54.
About Calfrac Well Services
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, and Latin America. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.
Receive News & Ratings for Calfrac Well Services Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.