Q2 2024 Earnings Estimate for Calfrac Well Services Ltd. Issued By Atb Cap Markets (TSE:CFW)

Calfrac Well Services Ltd. (TSE:CFW) – Atb Cap Markets dropped their Q2 2024 EPS estimates for shares of Calfrac Well Services in a report released on Tuesday, May 7th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Calfrac Well Services’ current full-year earnings is $0.57 per share. Atb Cap Markets also issued estimates for Calfrac Well Services’ Q1 2025 earnings at $0.20 EPS and Q1 2026 earnings at $0.21 EPS.

Several other equities research analysts also recently weighed in on the stock. ATB Capital downgraded shares of Calfrac Well Services from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$10.00 to C$6.00 in a report on Friday, March 15th. Royal Bank of Canada decreased their price objective on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday. Stifel Nicolaus dropped their target price on Calfrac Well Services from C$5.00 to C$4.50 and set a “hold” rating on the stock in a report on Wednesday. Finally, Stifel Canada lowered Calfrac Well Services from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th.

Calfrac Well Services Stock Up 1.0 %

Shares of Calfrac Well Services stock opened at C$4.10 on Thursday. Calfrac Well Services has a 1-year low of C$3.74 and a 1-year high of C$6.20. The company has a market capitalization of C$351.45 million, a P/E ratio of 1.83, a PEG ratio of -0.30 and a beta of 1.82. The business’s fifty day moving average price is C$4.39 and its two-hundred day moving average price is C$4.62. The company has a debt-to-equity ratio of 44.68, a current ratio of 2.20 and a quick ratio of 1.33.

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

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.