Calfrac Well Services (TSE:CFW – Free Report) had its price target raised by Royal Bank of Canada from C$4.50 to C$5.00 in a research note published on Friday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
CFW has been the subject of several other reports. Stifel Nicolaus lowered their price target on Calfrac Well Services from C$5.00 to C$4.50 and set a hold rating for the company in a research report on Wednesday, May 8th. ATB Capital reduced their target price 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 report on Friday.
Read Our Latest Research Report on Calfrac Well Services
Calfrac Well Services Trading Down 5.8 %
Calfrac Well Services (TSE:CFW – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). The firm had revenue of C$330.10 million for the quarter, compared to analyst estimates of C$343.90 million. Calfrac Well Services had a return on equity of 29.25% and a net margin of 8.83%. Analysts expect that Calfrac Well Services will post 0.6198582 EPS for the current fiscal year.
Insider Transactions at Calfrac Well Services
In other news, insider Sime Armoyan bought 25,000 shares of Calfrac Well Services stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of C$3.93 per share, with a total value of C$98,250.00. In other Calfrac Well Services news, insider Sime Armoyan acquired 25,000 shares of the stock in a transaction on Wednesday, June 19th. The shares were bought at an average cost of C$3.93 per share, with a total value of C$98,250.00. Also, Director Charles Pellerin bought 27,300 shares of Calfrac Well Services stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of C$4.00 per share, with a total value of C$109,200.00. In the last quarter, insiders purchased 1,404,000 shares of company stock worth $5,706,881. 46.88% of the stock is currently owned by insiders.
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.
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