Calfrac Well Services (CFW) PT Raised to C$8.00
Calfrac Well Services (TSE:CFW) had its price objective upped by BMO Capital Markets from C$6.00 to C$8.00 in a research note issued to investors on Friday morning. BMO Capital Markets currently has a market perform rating on the stock.
A number of other equities research analysts have also issued reports on CFW. Scotiabank lowered Calfrac Well Services from an outperform rating to a sector perform rating and set a C$7.75 target price for the company. in a research note on Thursday, November 16th. CIBC upgraded Calfrac Well Services from a neutral rating to an outperform rating and increased their target price for the company from C$6.75 to C$9.50 in a research note on Tuesday, January 23rd. Canaccord Genuity increased their target price on Calfrac Well Services from C$8.00 to C$8.50 in a research note on Tuesday, February 6th. Raymond James Financial increased their target price on Calfrac Well Services from C$8.50 to C$10.00 and gave the company an outperform rating in a research note on Tuesday, February 13th. Finally, TD Securities increased their target price on Calfrac Well Services from C$7.00 to C$7.50 and gave the company a buy rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$7.94.
Calfrac Well Services (CFW) traded up C$0.07 during mid-day trading on Friday, hitting C$6.30. The stock had a trading volume of 639,216 shares, compared to its average volume of 380,045. Calfrac Well Services has a fifty-two week low of C$2.23 and a fifty-two week high of C$7.49. The firm has a market capitalization of $905.66, a price-to-earnings ratio of -8.51 and a beta of 1.73.
About Calfrac Well Services
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.
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