Calfrac Well Services (CFW) Set to Announce Earnings on Thursday

Calfrac Well Services (TSE:CFW) is scheduled to release its earnings data before the market opens on Thursday, August 1st. Analysts expect Calfrac Well Services to post earnings of C$0.14 per share for the quarter.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). Calfrac Well Services had a net margin of 8.83% and a return on equity of 29.25%. The firm had revenue of C$330.10 million for the quarter, compared to analysts’ expectations of C$343.90 million.

Calfrac Well Services Price Performance

CFW stock opened at C$4.23 on Wednesday. The stock has a 50-day moving average price of C$4.19 and a two-hundred day moving average price of C$4.44. Calfrac Well Services has a 12-month low of C$3.75 and a 12-month high of C$6.20. The company has a current ratio of 2.57, a quick ratio of 1.33 and a debt-to-equity ratio of 54.34. The company has a market cap of C$362.60 million, a PE ratio of 1.89, a price-to-earnings-growth ratio of -0.30 and a beta of 1.79.

Insider Transactions at Calfrac Well Services

In related news, Director Charles Pellerin bought 700,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was bought at an average price of C$4.15 per share, with a total value of C$2,905,000.00. In other Calfrac Well Services news, insider Sime Armoyan purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average price of C$3.93 per share, for a total transaction of C$98,250.00. Also, Director Charles Pellerin purchased 700,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average price of C$4.15 per share, for a total transaction of C$2,905,000.00. Insiders purchased 1,404,000 shares of company stock valued at $5,706,881 over the last quarter. Company insiders own 46.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CFW. 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. Royal Bank of Canada lowered their price target on Calfrac Well Services from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 8th.

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.