Calfrac Well Services Ltd (TSE:CFW) had its price target upped by equities research analysts at CIBC from C$4.50 to C$6.75 in a research note issued to investors on Friday. CIBC’s target price would suggest a potential upside of 46.42% from the company’s current price.

Several other research firms have also commented on CFW. National Bank Financial increased their price objective on shares of Calfrac Well Services from C$5.75 to C$6.50 and gave the company an “outperform” rating in a research report on Tuesday, September 5th. Raymond James Financial, Inc. increased their price objective on shares of Calfrac Well Services from C$5.85 to C$6.00 and gave the company a “strong-buy” rating in a research report on Monday, September 25th. Royal Bank Of Canada increased their price objective on shares of Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, August 25th. Canaccord Genuity increased their price objective on shares of Calfrac Well Services from C$3.00 to C$4.25 in a research report on Thursday, July 27th. Finally, GMP Securities increased their price objective on shares of Calfrac Well Services from C$3.00 to C$4.00 in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$5.23.

Calfrac Well Services (TSE CFW) opened at 4.61 on Friday. The stock’s market cap is $630.52 million. Calfrac Well Services has a 12 month low of $2.23 and a 12 month high of $5.34. The company has a 50-day moving average of $4.58 and a 200-day moving average of $3.59.

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In related news, insider Dan Wilks purchased 2,094,577 shares of Calfrac Well Services stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of C$3.42 per share, with a total value of C$7,163,453.34. Also, insider Wilks Brothers, Llc purchased 754,300 shares of Calfrac Well Services stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average cost of C$3.37 per share, for a total transaction of C$2,541,991.00. In the last three months, insiders bought 6,441,977 shares of company stock worth $24,284,660.

Calfrac Well Services Company Profile

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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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