Calfrac Well Services Ltd (TSE:CFW) Price Target Raised to C$5.75 at National Bank Financial
Calfrac Well Services Ltd (TSE:CFW) had its price objective hoisted by National Bank Financial from C$4.25 to C$5.75 in a research note published on Wednesday. The firm currently has an outperform rating on the stock.
Several other research analysts have also weighed in on CFW. Scotiabank reissued a sector perform rating and issued a C$5.00 price objective on shares of Calfrac Well Services in a research report on Thursday, April 27th. Canaccord Genuity lowered their price objective on Calfrac Well Services from C$4.00 to C$3.00 in a research report on Tuesday, July 11th. Finally, CIBC lowered their price objective on Calfrac Well Services from C$5.75 to C$4.00 in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of C$4.77.
Shares of Calfrac Well Services (TSE:CFW) opened at 3.48 on Wednesday. The company’s market cap is $475.97 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 price of $2.84 and a 200-day moving average price of $3.59.
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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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