Calfrac Well Services Ltd. (CFW) Price Target Increased to C$3.50 by Analysts at Canaccord Genuity
Calfrac Well Services Ltd. (TSE:CFW) had its price objective upped by equities research analysts at Canaccord Genuity from C$3.25 to C$3.50 in a report released on Thursday. Canaccord Genuity’s price objective points to a potential upside of 9.03% from the company’s current price.
CFW has been the topic of a number of other research reports. Royal Bank Of Canada lowered their price target on Calfrac Well Services from C$4.75 to C$3.75 and set a “sector perform” rating on the stock in a report on Tuesday, September 6th. CIBC lowered their price target on Calfrac Well Services from C$10.00 to C$8.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 25th. Raymond James Financial Inc. lowered their price target on Calfrac Well Services from C$5.70 to C$5.50 in a report on Friday, October 7th. National Bank Financial upgraded Calfrac Well Services from a “sector perform market weight” rating to an “outperfrom under weight” rating in a report on Monday, July 4th. Finally, Evercore ISI increased their target price on Calfrac Well Services from C$2.50 to C$4.00 in a report on Wednesday, June 29th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Calfrac Well Services has an average rating of “Hold” and an average price target of C$3.71.
Calfrac Well Services (TSE:CFW) traded up 1.25% during midday trading on Thursday, hitting $3.25. The company’s stock had a trading volume of 402,914 shares. Calfrac Well Services has a one year low of $1.06 and a one year high of $4.17. The company’s 50-day moving average is $2.97 and its 200 day moving average is $2.69. The company’s market cap is $375.63 million.
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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