Calfrac Well Services Ltd (TSE:CFW) Price Target Raised to C$4.25
Several other research analysts have also recently issued reports on the company. BMO Capital Markets dropped their price objective on Calfrac Well Services from C$5.50 to C$4.50 and set a market perform rating on the stock in a research note on Thursday. National Bank Financial increased their price objective on Calfrac Well Services from C$4.25 to C$5.75 and gave the stock an outperform rating in a research note on Wednesday, July 26th. CIBC dropped their price objective on Calfrac Well Services from C$5.75 to C$4.00 in a research note on Thursday, July 20th. Finally, Scotiabank reissued a sector perform rating and issued a C$5.00 price objective on shares of Calfrac Well Services in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of C$4.77.
Calfrac Well Services (TSE:CFW) opened at 3.48 on Thursday. The firm’s 50-day moving average price is $2.84 and its 200-day moving average price is $3.59. The stock’s market cap is $475.97 million. Calfrac Well Services has a 52 week low of $2.23 and a 52 week high of $5.34.
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.
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