Calfrac Well Services (CFW) to Release Earnings on Wednesday

Calfrac Well Services (TSE:CFW - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.19 per share for the quarter.

Calfrac Well Services (TSE:CFW - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.14 by C$0.15. The business had revenue of C$426.05 million during the quarter, compared to the consensus estimate of C$369.60 million. Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%.

Calfrac Well Services Price Performance

Shares of CFW traded down C$0.01 during mid-day trading on Wednesday, hitting C$3.82. The company's stock had a trading volume of 6,200 shares, compared to its average volume of 36,298. The firm has a 50-day simple moving average of C$3.90 and a 200 day simple moving average of C$4.10. Calfrac Well Services has a 1-year low of C$3.68 and a 1-year high of C$5.45. The firm has a market capitalization of C$327.76 million, a P/E ratio of 1.71, a P/E/G ratio of -0.30 and a beta of 1.65. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 58.76.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CFW. ATB Capital lowered their price target on shares of Calfrac Well Services from C$6.00 to C$5.00 and set a "sector perform" rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada lifted their price target on Calfrac Well Services from C$4.50 to C$5.00 and gave the stock a "sector perform" rating in a research note on Friday, August 2nd.

Insider Buying and Selling

In related news, Director Charles Pellerin purchased 145,189 shares of the company's stock in a transaction on Friday, August 16th. The stock was bought at an average price of C$4.00 per share, with a total value of C$580,756.00. In other news, Director Charles Pellerin purchased 145,189 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of C$4.00 per share, for a total transaction of C$580,756.00. Also, insider Sime Armoyan acquired 77,500 shares of Calfrac Well Services stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of C$3.82 per share, for a total transaction of C$296,367.75. Insiders purchased 290,889 shares of company stock worth $1,139,694 in the last ninety days. Insiders own 46.88% of the company's stock.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.