Calfrac Well Services ( (TSE:CFW) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Calfrac Well Services Ltd. has experienced a notable decline in its stock price, driven by an 11% revenue drop in the fourth quarter of 2024 due to seasonal slowdowns, leading to a 16% annual revenue decrease. Despite these setbacks, the company is focusing on improving its safety record and strategically deploying capital to adapt to market conditions. Calfrac is also planning to expand its operations in Argentina to secure sustainable returns for shareholders. While the stock has declined by 4.21% year-to-date, it still holds a strong buy consensus among technical sentiment ratings.
More about Calfrac Well Services
YTD Price Performance: -4.21%
Average Trading Volume: 50,750
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$309.2M
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