Calfrac Well Services Ltd. (CFW) Receives Average Recommendation of “Hold” from Brokerages
Calfrac Well Services Ltd. (TSE:CFW) has earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$3.66.
A number of brokerages recently issued reports on CFW. FirstEnergy Capital upgraded Calfrac Well Services from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 12th. RBC Capital Markets decreased their target price on Calfrac Well Services from C$4.50 to C$3.75 and set a “sector perform” rating on the stock in a report on Tuesday, September 6th. Royal Bank Of Canada decreased their target price 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. Evercore ISI lifted their target price on Calfrac Well Services from C$2.50 to C$4.00 in a report on Wednesday, June 29th. Finally, CIBC lifted their price target on Calfrac Well Services from C$3.50 to C$4.50 in a report on Wednesday, July 20th.
Calfrac Well Services (TSE:CFW) traded up 0.32% during trading on Tuesday, hitting $3.12. The stock had a trading volume of 335,292 shares. The firm’s market cap is $360.61 million. The firm’s 50 day moving average is $2.98 and its 200 day moving average is $2.74. Calfrac Well Services has a 1-year low of $1.06 and a 1-year high of $4.17.
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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