Latest news with #CalfracWellServicesLtd
Yahoo
15-05-2025
- Business
- Yahoo
Calfrac Announces Voting Results of Election of Directors
CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ('Calfrac') (TSX–CFW) is pleased to announce the voting results of the election of directors at its annual meeting of shareholders held today. Each of the nominees proposed as a director were elected as directors to hold office until the next annual meeting of shareholders, or until their successors are elected or appointed. Detailed results of the voting for each nominee are set out below, and the full results on all matters voted upon at the meeting will be filed on Calfrac's profile on SEDAR+ ( Nominee Votes For Votes Against Number % Number % Ronald P. Mathison 65,434,357 99.65 228,492 0.35 Douglas R. Ramsay 65,447,107 99.67 215,742 0.33 George S. Armoyan 63,552,876 96.79 2,109,973 3.21 Anuroop Duggal 60,951,751 92.83 4,711,098 7.17 Charles Pellerin 61,770,588 94.07 3,892,261 5.93 Chetan Mehta 65,638,359 99.96 24,490 0.04 Holly A. Benson 65,621,974 99.94 40,875 0.06 Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol 'CFW'. Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout North America and Argentina. The Company executes on its brand promise of 'Do It Safely, Do It Right, Do It Profitably' to generate long-term, sustainable returns for its shareholders. Further information regarding Calfrac Well Services Ltd., including the most recently filed Annual Information Form, can be accessed on Calfrac's website at or under the Company's public filings found at For further information on this press release, please contact: Michael Olinek Chief Financial Officer (403) 234-6673 Suite 500, 407 – 8 Avenue S.W. Calgary, Alberta, Canada T2P 1E5 Website:
Winnipeg Free Press
15-05-2025
- Business
- Winnipeg Free Press
Calfrac reports $7.8-million Q1 profit, revenue up 12 per cent from year ago
CALGARY – Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent. The oilfield services company says the increase in revenue came from higher prices and activity in Argentina, offset in part by lower prices in North America. Calfrac reported its profit amounted to nine cents per diluted share for the quarter ended March 31 compared with a loss of three cents per diluted share in the same quarter last year. Revenue totalled $370.1 million, up from $330.1 million in the first quarter of 2024. The increase came as the company's Argentine operations earned $142.2 million in revenue during the first quarter of 2025 compared with $81.1 million in the same quarter in 2024. Calfrac's North American operations took in $227.9 million in revenue for the quarter, down from $249.0 million a year earlier. This report by The Canadian Press was first published May 15, 2025. Companies in this story: (TSX:CFW)
Yahoo
15-05-2025
- Business
- Yahoo
Calfrac reports $7.8-million Q1 profit, revenue up 12 per cent from year ago
CALGARY — Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent. The oilfield services company says the increase in revenue came from higher prices and activity in Argentina, offset in part by lower prices in North America. Calfrac reported its profit amounted to nine cents per diluted share for the quarter ended March 31 compared with a loss of three cents per diluted share in the same quarter last year. Revenue totalled $370.1 million, up from $330.1 million in the first quarter of 2024. The increase came as the company's Argentine operations earned $142.2 million in revenue during the first quarter of 2025 compared with $81.1 million in the same quarter in 2024. Calfrac's North American operations took in $227.9 million in revenue for the quarter, down from $249.0 million a year earlier. This report by The Canadian Press was first published May 15, 2025. Companies in this story: (TSX:CFW) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
Owning 49% shares,institutional owners seem interested in Calfrac Well Services Ltd. (TSE:CFW),
Institutions' substantial holdings in Calfrac Well Services implies that they have significant influence over the company's share price 50% of the business is held by the top 3 shareholders Recent purchases by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Calfrac Well Services Ltd. (TSE:CFW), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 49% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. In the chart below, we zoom in on the different ownership groups of Calfrac Well Services. View our latest analysis for Calfrac Well Services Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Calfrac Well Services already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Calfrac Well Services' historic earnings and revenue below, but keep in mind there's always more to the story. Hedge funds don't have many shares in Calfrac Well Services. The company's largest shareholder is G2s2 Capital Inc., with ownership of 34%. For context, the second largest shareholder holds about 10% of the shares outstanding, followed by an ownership of 6.2% by the third-largest shareholder. Ronald Mathison, who is the second-largest shareholder, also happens to hold the title of Top Key Executive. After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own a reasonable proportion of Calfrac Well Services Ltd.. Insiders own CA$45m worth of shares in the CA$285m company. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. The general public-- including retail investors -- own 36% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. To that end, you should learn about the 3 warning signs we've spotted with Calfrac Well Services (including 1 which shouldn't be ignored) . But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
19-03-2025
- Business
- Yahoo
March 2025 Penny Stock Picks On The TSX
In 2025, the Canadian stock market has experienced volatility and negative returns, with diversification emerging as a key strategy amid softened growth outlooks for both Canada and the U.S. Despite these challenges, certain sectors have shown resilience, emphasizing the importance of balanced portfolios. While the term "penny stock" might seem outdated, it still highlights smaller or newer companies that can offer significant value when backed by strong financials. We've identified three such penny stocks on the TSX that combine financial stability with potential for growth, offering investors an opportunity to explore promising smaller firms in today's diverse market landscape. Name Share Price Market Cap Financial Health Rating NTG Clarity Networks (TSXV:NCI) CA$1.83 CA$81.36M ★★★★★☆ NamSys (TSXV:CTZ) CA$1.10 CA$29.55M ★★★★★★ Madoro Metals (TSXV:MDM) CA$0.04 CA$3.58M ★★★★★★ Orezone Gold (TSX:ORE) CA$0.98 CA$420.81M ★★★★★☆ Amerigo Resources (TSX:ARG) CA$1.90 CA$314.55M ★★★★★☆ Alvopetro Energy (TSXV:ALV) CA$4.60 CA$167.62M ★★★★★★ PetroTal (TSX:TAL) CA$0.68 CA$632.31M ★★★★★★ McCoy Global (TSX:MCB) CA$2.87 CA$78.28M ★★★★★★ Findev (TSXV:FDI) CA$0.485 CA$14.32M ★★★★★★ BluMetric Environmental (TSXV:BLM) CA$1.07 CA$36.92M ★★★★★★ Click here to see the full list of 935 stocks from our TSX Penny Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Calfrac Well Services Ltd., along with its subsidiaries, offers specialized oilfield services across Canada, the United States, and Argentina, with a market cap of CA$312.56 million. Operations: Calfrac Well Services Ltd. does not report specific revenue segments. Market Cap: CA$312.56M Calfrac Well Services Ltd. faces challenges with a recent CEO resignation and declining financial performance, reporting a net loss of CA$5.13 million in Q4 2024 compared to a profit the previous year. Despite these setbacks, the company maintains a solid short-term asset position exceeding its liabilities and has reduced its debt-to-equity ratio significantly over five years. However, interest payments are not well covered by earnings, and profit margins have decreased to 0.5% from 10.6% last year. Analysts forecast earnings growth of 47.61% annually, but volatility remains stable at 4%. Dive into the specifics of Calfrac Well Services here with our thorough balance sheet health report. Review our growth performance report to gain insights into Calfrac Well Services' future. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Globex Mining Enterprises Inc. focuses on acquiring, exploring, and developing mineral properties in North America, with a market cap of CA$84.14 million. Operations: The company generates revenue from its Metals & Mining segment, specifically in Gold & Other Precious Metals, amounting to CA$4.45 million. Market Cap: CA$84.14M Globex Mining Enterprises Inc., with a market cap of CA$84.14 million, primarily focuses on mineral property development in North America. Despite limited revenue of CA$4.45 million, recent developments indicate potential growth opportunities. The company has become profitable recently and is debt-free, enhancing its financial stability. Notably, Globex holds significant royalties and interests in properties like the Bell Mountain gold project and Tyrone property near promising mineral discoveries by Azimut Exploration Inc., which could impact future valuation positively. Additionally, the company's shares have not been meaningfully diluted over the past year, maintaining shareholder value amidst these strategic advancements. Click here and access our complete financial health analysis report to understand the dynamics of Globex Mining Enterprises. Understand Globex Mining Enterprises' track record by examining our performance history report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Sintana Energy Inc. is involved in the exploration and development of crude oil and natural gas in Colombia, with a market cap of CA$223.97 million. Operations: Sintana Energy Inc. currently does not report any revenue segments. Market Cap: CA$223.97M Sintana Energy Inc., with a market cap of CA$223.97 million, is pre-revenue and unprofitable, facing a negative return on equity of -41.72%. Despite this, it remains debt-free and has short-term assets exceeding liabilities by a significant margin. Recent developments in Namibia's Orange Basin present potential exploration opportunities; however, securing an alternate partner for PEL 87 is critical following Woodside's withdrawal. The company filed a CAD 50 million shelf registration to potentially fund future activities. Insider selling has been significant recently, but the management team and board are experienced with average tenures of 7.5 and 10.5 years respectively. Click to explore a detailed breakdown of our findings in Sintana Energy's financial health report. Gain insights into Sintana Energy's historical outcomes by reviewing our past performance report. Click through to start exploring the rest of the 932 TSX Penny Stocks now. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:CFW TSX:GMX and TSXV:SEI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
