Atb Cap Markets Has Negative View of TSE:CFW FY2024 Earnings

Calfrac Well Services Ltd. (TSE:CFW - Free Report) - Stock analysts at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for Calfrac Well Services in a note issued to investors on Wednesday, November 6th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings of $0.23 per share for the year, down from their prior forecast of $0.60. The consensus estimate for Calfrac Well Services' current full-year earnings is $0.38 per share. Atb Cap Markets also issued estimates for Calfrac Well Services' Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at $0.44 EPS, Q2 2026 earnings at $0.20 EPS and Q3 2026 earnings at $0.21 EPS.

Several other analysts have also weighed in on the stock. ATB Capital lowered their price objective on shares of Calfrac Well Services from C$6.00 to C$5.00 and set a "sector perform" rating for the company in a research note on Friday, August 2nd. Royal Bank of Canada lifted their target price on Calfrac Well Services from C$4.50 to C$5.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd.

Calfrac Well Services Trading Down 2.4 %

TSE CFW traded down C$0.09 on Monday, reaching C$3.69. The company had a trading volume of 57,364 shares, compared to its average volume of 38,232. Calfrac Well Services has a fifty-two week low of C$3.64 and a fifty-two week high of C$5.38. The company has a debt-to-equity ratio of 58.76, a current ratio of 2.31 and a quick ratio of 1.33. The firm has a market cap of C$316.60 million, a price-to-earnings ratio of 1.69, a P/E/G ratio of -0.30 and a beta of 1.65. The business has a 50 day moving average of C$3.87 and a two-hundred day moving average of C$4.06.

Calfrac Well Services (TSE:CFW - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.27). Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. The company had revenue of C$430.11 million for the quarter, compared to the consensus estimate of C$400.60 million.

Insider Buying and Selling

In other news, Director Charles Pellerin acquired 145,189 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of C$4.00 per share, for a total transaction of C$580,756.00. In other news, insider Sime Armoyan bought 77,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of C$3.82 per share, for a total transaction of C$296,367.75. Also, Director Charles Pellerin acquired 145,189 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of C$4.00 per share, for a total transaction of C$580,756.00. Over the last 90 days, insiders purchased 286,289 shares of company stock worth $1,121,984. Insiders own 46.88% of the company's stock.

About Calfrac Well Services

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.