Canyon Services Group Inc (TSE:FRC) – Clarus Securities cut their FY2017 earnings per share estimates for shares of Canyon Services Group in a research note issued to investors on Wednesday. Clarus Securities analyst S. Kammermayer now expects that the firm will post earnings of ($0.27) per share for the year, down from their previous forecast of ($0.26).
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A number of other research analysts have also recently weighed in on FRC. Scotiabank reaffirmed an “outperform” rating and issued a C$9.00 price objective on shares of Canyon Services Group in a report on Monday, March 6th. BMO Capital Markets cut their price objective on shares of Canyon Services Group from C$9.00 to C$8.00 in a report on Monday, March 6th. Royal Bank of Canada set a C$9.00 price objective on shares of Canyon Services Group and gave the company an “outperform” rating in a report on Tuesday, January 17th. CIBC cut their price objective on shares of Canyon Services Group from C$10.00 to C$8.00 in a report on Wednesday, January 25th. Finally, GMP Securities raised shares of Canyon Services Group from a “hold” rating to a “buy” rating in a report on Thursday, December 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$7.50.
Shares of Canyon Services Group (TSE:FRC) opened at 5.94 on Friday. The company’s market cap is $513.00 million. The firm has a 50-day moving average of $5.95 and a 200 day moving average of $5.88. Canyon Services Group has a 52 week low of $3.38 and a 52 week high of $7.58.
In other news, insider Quentin Maurice Walker sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of C$5.37, for a total transaction of C$40,275.00.
About Canyon Services Group
Canyon Services Group Inc provides stimulation and fluid management services to oil and gas exploration and production companies operating in the Western Canadian Sedimentary Basin. The Company’s segments include Pressure Pumping Services and Fluid Management Services. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.
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