Q2 2017 EPS Estimates for Canyon Services Group Inc Raised by Analyst (FRC)
Canyon Services Group Inc (TSE:FRC) – Investment analysts at Cormark boosted their Q2 2017 earnings per share (EPS) estimates for shares of Canyon Services Group in a research report issued on Monday. Cormark analyst J. Zhang now anticipates that the company will post earnings of ($0.13) per share for the quarter, up from their prior forecast of ($0.16). Cormark also issued estimates for Canyon Services Group’s Q3 2017 earnings at $0.05 EPS, Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.05 EPS and FY2018 earnings at $0.36 EPS.
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Several other analysts also recently issued reports on the stock. CIBC decreased their price objective on shares of Canyon Services Group from C$7.40 to C$6.80 in a report on Monday. Scotiabank reaffirmed an “outperform” rating and set a C$9.00 price objective on shares of Canyon Services Group in a report on Monday, March 6th. BMO Capital Markets decreased their price objective on shares of Canyon Services Group from C$9.00 to C$8.00 in a report on Monday, March 6th. Royal Bank of Canada set a C$9.00 price target on shares of Canyon Services Group and gave the company an “outperform” rating in a report on Tuesday, January 17th. Finally, Canaccord Genuity increased their price target on shares of Canyon Services Group from C$8.50 to C$9.00 in a report on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$7.83.
Canyon Services Group (TSE:FRC) opened at 6.66 on Wednesday. Canyon Services Group has a 12-month low of $4.28 and a 12-month high of $7.58. The firm’s market cap is $575.18 million. The company’s 50 day moving average is $6.59 and its 200 day moving average is $6.25.
In related news, insider Quentin Maurice Walker sold 7,500 shares of Canyon Services Group stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of C$5.37, for a total transaction of C$40,275.00.
Canyon Services Group Company Profile
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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