Calfrac Well Services Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, Calfrac Well Services stock has a consensus rating of "Buy" and an average price target of $7.83. The average 1-year stock price forecast is 20.46% higher than the current stock price, while the lowest is $7.50 (+15.38%) and the highest is $8.00 (+23.08%).

Price Target: $7.83 (+20.46%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$7.50	$7.83	$8.00	$8.00
Change	+15.38%	+20.46%	+23.08%	+23.08%

* Price targets were last updated on May 13, 2026.

Analyst Ratings

The average analyst rating for Calfrac Well Services stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	1	1	1	1	1	1
Buy	0	0	1	1	1	1
Hold	2	2	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst ATB Cormark Capital Markets No rating	ATB Cormark Capital Markets	Buy Maintains $7.25 → $7.50	Buy	Maintains	$7.25 → $7.50	+15.38%	May 13, 2026
Keith Mackey RBC Capital	RBC Capital	Hold Maintains $7.50 → $8.00	Hold	Maintains	$7.50 → $8.00	+23.08%	May 13, 2026

Financial Forecast

Revenue This Year

1.36B

from 1.39B

-2.27%

from 1.39B

Revenue Next Year

1.44B

from 1.36B

6.27%

from 1.36B

EPS This Year

0.82

from 0.60

36.10%

from 0.60

EPS Next Year

0.97

from 0.82

18.29%

from 0.82

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	880.25M	1.50B	1.86B	1.57B	1.39B	1.36B
Revenue Growth	24.78%	70.32%	24.35%	-15.92%	-11.46%	-2.27%
Gross Profit	-43.54M	146.13M	268.13M	110.49M	142.76M	286.87M
Gross Margin	-4.95%	9.75%	14.38%	7.05%	10.29%	21.15%
Operating Income	-86.30M	83.93M	207.51M	45.66M	81.35M	111.80M
Net Income	-82.81M	11.68M	190.67M	10.38M	30.27M	82.30M
EPS	-	-	-	-	0.60	0.82
EPS Growth	-	-	-	-	59.39%	36.10%
Forward PE	-	3.29	3.08	11.15	21.95	7.93
Free Cash Flow	-51.00M	33.36M	50.05M	-70.93M	81.37M	80.00M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027	2028
High	1.4B
Avg	1.4B
Low	1.3B

Revenue Growth

Revenue Growth	2026	2027	2028
High	1.0%
Avg	-2.3%
Low	-4.0%

EPS Forecast

EPS	2026	2027	2028
High	0.82
Avg	0.82
Low	0.82

EPS Growth

EPS Growth	2026	2027	2028
High	36.1%
Avg	36.1%
Low	36.1%