Calfrac Well Services ( (TSE:CFW) ) has issued an announcement.
Calfrac Well Services Ltd. reported a revenue decline of 11% in the fourth quarter of 2024 due to seasonal slowdowns, with an annual revenue drop of 16% compared to 2023. Despite these challenges, the company improved its safety record and plans to strategically deploy capital to navigate market conditions and expand its operations in Argentina, aiming for sustainable returns for shareholders.
More about Calfrac Well Services
Calfrac Well Services Ltd. operates in the oilfield services industry, providing specialized services such as hydraulic fracturing to oil and gas companies. The company primarily focuses on North America and Argentina, navigating market changes and capitalizing on growth opportunities in these regions.
YTD Price Performance: -4.21%
Average Trading Volume: 50,750
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$309.2M
See more data about CFW stock on TipRanks’ Stock Analysis page.