Calfrac Well Services (TSE:CFW) PT Lowered to C$6.00 at Royal Bank of Canada
Calfrac Well Services (TSE:CFW) had its target price reduced by Royal Bank of Canada from C$10.00 to C$6.00 in a report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research firms also recently issued reports on CFW. National Bank Financial downgraded shares of Calfrac Well Services from an outperform market weight rating to a sector perform overweight rating in a research note on Wednesday, May 1st. AltaCorp Capital downgraded shares of Calfrac Well Services from a sector perform rating to an underperform rating in a research note on Monday, July 8th. Canaccord Genuity reaffirmed a buy rating and set a $7.50 price target on shares of in a research note on Tuesday, July 9th. Cormark dropped their price target on shares of Trican Well Service from C$3.50 to C$1.75 in a research note on Wednesday, May 8th. Finally, CIBC reaffirmed a hold rating and set a $2.50 price target on shares of Advantage Oil & Gas in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of C$4.66.
Calfrac Well Services stock opened at C$2.03 on Thursday. Calfrac Well Services has a 12-month low of C$1.69 and a 12-month high of C$5.66. The stock has a market cap of $293.51 million and a P/E ratio of -5.02. The company has a debt-to-equity ratio of 205.83, a current ratio of 2.10 and a quick ratio of 1.48. The business’s fifty day moving average price is C$2.02.
About Calfrac Well Services
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.
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