Brokers Issue Forecasts for Canyon Services Group Inc.’s Q4 2017 Earnings (FRC)
Canyon Services Group Inc. (TSE:FRC) – Research analysts at Raymond James Financial cut their Q4 2017 EPS estimates for Canyon Services Group in a note issued to investors on Friday. Raymond James Financial analyst A. Bradford now forecasts that the firm will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.07. Raymond James Financial also issued estimates for Canyon Services Group’s Q3 2018 earnings at $0.09 EPS and FY2018 earnings at $0.28 EPS.
Other equities analysts have also issued reports about the company. CIBC reduced their price objective on Canyon Services Group from C$8.00 to C$7.00 and set a “sector outperform” rating for the company in a report on Thursday, August 25th. FirstEnergy Capital increased their price objective on Canyon Services Group from C$5.00 to C$6.00 and gave the company a “market perform” rating in a report on Monday, August 8th. Scotiabank reissued a “sector perform” rating and set a C$6.50 price objective on shares of Canyon Services Group in a report on Monday, August 8th. BMO Capital Markets increased their price objective on Canyon Services Group from C$5.00 to C$5.50 and gave the company a “market perform” rating in a report on Monday, August 8th. Finally, TD Securities dropped their target price on Canyon Services Group from C$7.00 to C$6.50 and set a “buy” rating on the stock in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$6.18.
Canyon Services Group (TSE:FRC) opened at 5.62 on Monday. Canyon Services Group has a one year low of $2.85 and a one year high of $5.98. The firm’s market capitalization is $482.67 million. The firm has a 50-day moving average price of $4.93 and a 200 day moving average price of $4.88.
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About Canyon Services Group
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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