Calfrac Well Services (CFW) Stock Overview
Provides specialized oilfield services in Canada, the United States, and Argentina. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
CFW Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Calfrac Well Services Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$5.41 |
| 52 Week High | CA$6.80 |
| 52 Week Low | CA$3.02 |
| Beta | 0.52 |
| 1 Month Change | -19.13% |
| 3 Month Change | 7.13% |
| 1 Year Change | 62.95% |
| 3 Year Change | 34.24% |
| 5 Year Change | 57.73% |
| Change since IPO | 10.97% |
Recent News & Updates
CFW: Higher Fair Value And Leadership Changes Will Shape Future Upside Potential
Analysts have increased their fair value estimate for Calfrac Well Services to CA$7.25 from CA$5.25, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E, in line with recent price target and rating changes from the Street. Analyst Commentary Recent Street research around Calfrac Well Services has centered on refreshed price targets and rating changes, which feed directly into how you might think about the balance between potential upside and execution risk.
CFW: Future Earnings Outlook Will Reflect Leadership Changes And Recent Rating Upgrades
Analysts have raised their fair value estimate for Calfrac Well Services to CA$7.50 from CA$7.00, citing recent price target increases and rating upgrades that are reflected in a higher assumed future P/E multiple. Analyst Commentary Recent research updates point to a more constructive stance on Calfrac Well Services, reflected in higher price targets and an upgraded rating.CFW: Fair Outlook Will Reflect New CEO And Recent Research Upgrades
Analysts have lifted their fair value estimate for Calfrac Well Services to CA$7.00 from CA$5.75, citing updated assumptions around revenue growth, profitability, discount rate and future P/E that align with recent price target increases and upgrades in Street research. Analyst Commentary Bullish Takeaways Bullish analysts have raised price targets, which lines up with the higher fair value estimate and supports the view that the current share price still offers upside to their valuation work.Recent updates
CFW: Higher Fair Value And Leadership Changes Will Shape Future Upside Potential
Analysts have increased their fair value estimate for Calfrac Well Services to CA$7.25 from CA$5.25, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E, in line with recent price target and rating changes from the Street. Analyst Commentary Recent Street research around Calfrac Well Services has centered on refreshed price targets and rating changes, which feed directly into how you might think about the balance between potential upside and execution risk.CFW: Future Earnings Outlook Will Reflect Leadership Changes And Recent Rating Upgrades
Analysts have raised their fair value estimate for Calfrac Well Services to CA$7.50 from CA$7.00, citing recent price target increases and rating upgrades that are reflected in a higher assumed future P/E multiple. Analyst Commentary Recent research updates point to a more constructive stance on Calfrac Well Services, reflected in higher price targets and an upgraded rating.CFW: Fair Outlook Will Reflect New CEO And Recent Research Upgrades
Analysts have lifted their fair value estimate for Calfrac Well Services to CA$7.00 from CA$5.75, citing updated assumptions around revenue growth, profitability, discount rate and future P/E that align with recent price target increases and upgrades in Street research. Analyst Commentary Bullish Takeaways Bullish analysts have raised price targets, which lines up with the higher fair value estimate and supports the view that the current share price still offers upside to their valuation work.CFW: CEO Transition And Rights Offering Will Shape Future Balanced Returns
Analysts have kept their CA$5.25 price target for Calfrac Well Services unchanged, citing only modest tweaks to discount rate, revenue growth and profit margin assumptions, along with a slightly lower future P/E multiple in their updated models. What's in the News Calfrac Well Services plans a Special and Extraordinary Shareholders Meeting on May 12, 2026, providing a key date to watch for company-level decisions (Key Developments).CFW: Fair Outlook Will Reflect New CEO And Updated Profitability Assumptions
Analysts have increased their CA$ fair value estimate for Calfrac Well Services from CA$4.50 to CA$5.75, citing updated assumptions for discount rates, margins, revenue trends and future P/E expectations. What's in the News Calfrac Well Services Ltd.CFW: CEO Transition And Equity Raise Will Guide Future Balanced Returns
Analysts have raised their fair value estimate for Calfrac Well Services from CA$4.00 to CA$5.25, citing updated assumptions around the discount rate, revenue contraction, profit margins, and future P/E levels. What's in the News Calfrac Well Services appointed Tyler Dahlseide as Chief Executive Officer, effective February 4, 2026, following his prior role as Vice President, Optimization and Strategy, which he assumed in September 2025 (Key Developments).Calfrac Well Services Ltd.'s (TSE:CFW) P/E Is Still On The Mark Following 29% Share Price Bounce
Feb 07
CFW: Fair Outlook Will Balance Equity Raise And Vaca Muerta Slowdown
Analysts have trimmed their price target on Calfrac Well Services to US$5.50 from the equivalent of US$5.50, citing slightly higher discount rate assumptions, a modestly softer revenue growth outlook, a small improvement in profit margin expectations and a lower future P/E multiple. What's in the News Calfrac Well Services completed a follow on equity offering of common shares, raising about C$35.0 million through a rights offering of 13,011,152 shares at C$2.69 per share (Key Developments).CFW: Fair Outlook Will Balance Equity Offering And Expected Revenue Slowdown
Analysts have kept their price target on Calfrac Well Services steady at $5.50, citing offsetting adjustments to the discount rate, revenue growth expectations, profit margin outlook and future P/E assumptions. What's in the News Calfrac Well Services completed a follow on equity offering of approximately C$35.0m, issuing 13,011,152 common shares at C$2.69 per share via a rights offering (Key Developments).CFW: Equity Raise And Margin Outlook Will Shape Balanced Future Returns
Analysts have slightly reduced their price target on Calfrac Well Services to reflect updated assumptions on discount rates, profit margins and future P/E, while maintaining their fair value estimate at $4.00. What's in the News Completed a follow on equity offering of common shares, raising about C$35.0m through a rights offering of 13,011,152 shares at C$2.69 (Key Developments).Calfrac Well Services Ltd.'s (TSE:CFW) Business Is Yet to Catch Up With Its Share Price
Dec 24CFW: Profit Margins And Lower Risk Profile Will Drive Future Upside
Analysts have increased their price target on Calfrac Well Services from approximately $3.50 to $4.00 per share, citing expectations for moderating revenue declines, significantly improving profit margins, and a more reasonable forward earnings multiple supported by a lower perceived risk profile. What's in the News Issued new earnings guidance for the fourth quarter of 2025, indicating revenue is expected to decline sequentially due to customer budget exhaustion in Argentina's Vaca Muerta shale play after record first half E&P capital spending (company guidance) Filed a CAD 35 million follow on equity offering for 13,011,152 common shares at CAD 2.69 per share, structured as a rights offering to existing shareholders (regulatory filing) Valuation Changes Fair Value Estimate was raised modestly from CA$3.50 to CA$4.00 per share, reflecting a higher assessed intrinsic value.Modernizing Fleet And Expansion Into Vaca Muerta Will Improve Future Efficiency
The upward revision in Calfrac Well Services' price target reflects a substantial improvement in net profit margin and a markedly lower future P/E ratio, resulting in a new consensus fair value of CA$4.50. Valuation Changes Summary of Valuation Changes for Calfrac Well Services The Consensus Analyst Price Target has risen from CA$4.17 to CA$4.50.Some Shareholders Feeling Restless Over Calfrac Well Services Ltd.'s (TSE:CFW) P/S Ratio
Jul 26Here's Why Calfrac Well Services (TSE:CFW) Is Weighed Down By Its Debt Load
Apr 08Calfrac Well Services' (TSE:CFW) Soft Earnings Are Actually Better Than They Appear
Mar 20
Expansion Into Argentina's Vaca Muerta And Fleet Modernization Will Improve Operational Efficiency
Expansion in Argentina and fleet modernization are expected to drive profitability and operational efficiency, enhancing revenue and margins.We Believe That Calfrac Well Services' (TSE:CFW) Weak Earnings Are A Good Indicator Of Underlying Profitability
Aug 09Here's Why We Think Calfrac Well Services (TSE:CFW) Is Well Worth Watching
May 01Calfrac Well Services (TSE:CFW) Seems To Use Debt Quite Sensibly
Mar 15Investors Holding Back On Calfrac Well Services Ltd. (TSE:CFW)
Jan 25Returns On Capital Are A Standout For Calfrac Well Services (TSE:CFW)
Nov 11Is Calfrac Well Services Ltd. (TSE:CFW) Trading At A 42% Discount?
Aug 17Shareholder Returns
| CFW | CA Energy Services | CA Market | |
|---|---|---|---|
| 7D | -4.9% | 1.2% | 0.1% |
| 1Y | 63.0% | 75.2% | 35.1% |
Return vs Industry: CFW underperformed the Canadian Energy Services industry which returned 74% over the past year.
Return vs Market: CFW exceeded the Canadian Market which returned 35% over the past year.
Price Volatility
| CFW volatility | |
|---|---|
| CFW Average Weekly Movement | 7.0% |
| Energy Services Industry Average Movement | 7.2% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in CA Market | 18.1% |
| 10% least volatile stocks in CA Market | 3.9% |
Stable Share Price: CFW has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: CFW's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 1,855 | Tyler Dahlseide | calfrac.com |
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries. Calfrac Well Services Ltd.
Calfrac Well Services Ltd. Fundamentals Summary
| CFW fundamental statistics | |
|---|---|
| Market cap | CA$543.26m |
| Earnings (TTM) | CA$41.93m |
| Revenue (TTM) | CA$1.39b |
13.0x
P/E Ratio0.4x
P/S RatioIs CFW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CFW income statement (TTM) | |
|---|---|
| Revenue | CA$1.39b |
| Cost of Revenue | CA$1.25b |
| Gross Profit | CA$142.76m |
| Other Expenses | CA$100.82m |
| Earnings | CA$41.93m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.42 |
| Gross Margin | 10.29% |
| Net Profit Margin | 3.02% |
| Debt/Equity Ratio | 30.6% |
How did CFW perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/03 22:17 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Calfrac Well Services Ltd. is covered by 23 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tim Monachello | ATB Cormark |
| Garett Ursu | ATB Cormark Historical (Cormark Securities) |
| Sean Meakim | Barclays |