Clarus Securities Equities Analysts Lower Earnings Estimates for Canyon Services Group Inc (FRC)

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).

COPYRIGHT VIOLATION NOTICE: “Clarus Securities Equities Analysts Lower Earnings Estimates for Canyon Services Group Inc (FRC)” was first reported by Web Breaking News and is the sole property of of Web Breaking News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at http://www.webbreakingnews.com/2017/03/25/clarus-securities-equities-analysts-lower-earnings-estimates-for-canyon-services-group-inc-frc.html.

Earnings History and Estimates for Canyon Services Group (TSE:FRC)

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.

Receive News & Ratings for Canyon Services Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canyon Services Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.