Scotiabank Increases Calfrac Well Services Ltd (TSE:CFW) Price Target to C$6.00
Other research analysts have also recently issued reports about the stock. Canaccord Genuity dropped their price objective on shares of Calfrac Well Services from C$4.00 to C$3.00 in a research note on Tuesday, July 11th. CIBC decreased their target price on shares of Calfrac Well Services from C$5.75 to C$4.00 in a research report on Thursday, July 20th. National Bank Financial raised their target price on shares of Calfrac Well Services from C$4.25 to C$5.75 and gave the stock an outperform rating in a research report on Wednesday, July 26th. BMO Capital Markets decreased their target price on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a market perform rating on the stock in a research report on Thursday. Finally, GMP Securities raised their target price on shares of Calfrac Well Services from C$3.00 to C$4.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$4.77.
Shares of Calfrac Well Services (CFW) opened at 3.48 on Thursday. The company has a 50-day moving average price of $2.84 and a 200 day moving average price of $3.59. Calfrac Well Services has a 12-month low of $2.23 and a 12-month high of $5.34. The firm’s market capitalization is $475.97 million.
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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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