Q3 2018 EPS Estimates for Calfrac Well Services Ltd. (CFW) Lowered by Raymond James Financial
Calfrac Well Services Ltd. (TSE:CFW) – Stock analysts at Raymond James Financial lowered their Q3 2018 earnings estimates for shares of Calfrac Well Services in a report issued on Friday. Raymond James Financial analyst A. Bradford now anticipates that the brokerage will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.20.
A number of other analysts have also weighed in on CFW. CIBC raised their price objective on shares of Calfrac Well Services from C$3.50 to C$4.50 in a research note on Wednesday, July 20th. National Bank Financial raised their price objective on shares of Calfrac Well Services from C$2.25 to C$3.15 in a research note on Monday, June 13th. FirstEnergy Capital raised their price objective on shares of Calfrac Well Services from C$1.75 to C$4.00 in a research note on Monday, June 13th. Evercore Partners Inc. raised their price objective on shares of Calfrac Well Services from C$2.50 to C$4.00 in a research note on Wednesday, June 29th. Finally, Evercore ISI raised their price objective on shares of Calfrac Well Services from C$2.50 to C$4.00 in a research note on Wednesday, June 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$3.64.
Calfrac Well Services (TSE:CFW) opened at 3.35 on Monday. The company has a 50 day moving average of $2.98 and a 200-day moving average of $2.65. Calfrac Well Services has a one year low of $1.06 and a one year high of $4.17. The stock’s market capitalization is $387.19 million.
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Calfrac Well Services Company Profile
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.
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