Calfrac Well Services Ltd (TSE:CFW) to Post FY2020 Earnings of ($2.40) Per Share, Raymond James Forecasts
Calfrac Well Services Ltd (TSE:CFW) – Research analysts at Raymond James decreased their FY2020 earnings per share (EPS) estimates for Calfrac Well Services in a research report issued on Thursday, June 25th. Raymond James analyst A. Bradford now forecasts that the company will post earnings per share of ($2.40) for the year, down from their previous forecast of ($1.25). Raymond James currently has a “Underperform” rating on the stock. Raymond James also issued estimates for Calfrac Well Services’ FY2021 earnings at ($2.07) EPS.
A number of other equities analysts also recently issued reports on the stock. Stifel Firstegy downgraded shares of Calfrac Well Services from a “hold” rating to a “reduce” rating in a research note on Thursday, March 19th. National Bank Financial cut shares of Calfrac Well Services from a “sector perform” rating to an “underperform” rating in a research report on Monday, April 27th. BMO Capital Markets cut shares of Calfrac Well Services from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$1.50 to C$1.00 in a report on Friday, March 6th. Scotiabank decreased their price target on shares of Calfrac Well Services from C$1.00 to C$0.90 in a report on Friday, March 6th. Finally, Cormark decreased their price target on shares of Calfrac Well Services from C$1.60 to C$1.00 in a report on Friday, March 6th. Six research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. Calfrac Well Services currently has a consensus rating of “Sell” and an average price target of C$0.89.
Calfrac Well Services Company Profile
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.
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