Calfrac Well Services Ltd to Post Q3 2017 Earnings of ($0.03) Per Share, National Bank Financial Forecasts (CFW)

Calfrac Well Services Ltd (TSE:CFW) – Analysts at National Bank Financial boosted their Q3 2017 earnings estimates for shares of Calfrac Well Services in a report issued on Wednesday. National Bank Financial analyst G. Colman now expects that the company will earn ($0.03) per share for the quarter, up from their previous estimate 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.

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Other analysts also recently issued reports about the company. Scotiabank increased their price objective on Calfrac Well Services from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. GMP Securities increased their price objective on Calfrac Well Services from C$3.00 to C$4.00 in a research note on Thursday, July 27th. CIBC lowered their price objective on Calfrac Well Services from C$5.75 to C$4.00 in a research note on Thursday, July 20th. BMO Capital Markets lowered their price objective 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, Royal Bank Of Canada increased their price objective on Calfrac Well Services from C$4.00 to C$5.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Calfrac Well Services has a consensus rating of “Hold” and a consensus price target of C$4.77.

Calfrac Well Services (TSE:CFW) opened at 3.38 on Monday. The firm has a 50-day moving average price of $2.84 and a 200-day moving average price of $3.55. The company’s market capitalization is $462.29 million. Calfrac Well Services has a 1-year low of $2.23 and a 1-year high of $5.34.

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.

Earnings History and Estimates for Calfrac Well Services (TSE:CFW)

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