Calfrac Well Services Ltd (TSE:CFW) shares fell 3.2% on Thursday . The company traded as low as C$4.11 and last traded at C$4.17. 320,784 shares were traded during mid-day trading, a decline of 57% from the average session volume of 743,116 shares. The stock had previously closed at C$4.31.

A number of research firms recently weighed in on CFW. National Bank Financial raised their target price on shares of Calfrac Well Services from C$5.75 to C$6.50 and gave the company an “outperform” rating in a report on Tuesday, September 5th. Scotiabank raised their price target on Calfrac Well Services from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. GMP Securities raised their price target on Calfrac Well Services from C$3.00 to C$4.00 in a research report on Thursday, July 27th. Royal Bank Of Canada raised their price target on Calfrac Well Services from C$4.00 to C$5.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets lowered their price target on Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating for the company in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$4.90.

The company’s market capitalization is $568.97 million. The stock has a 50 day moving average price of $3.52 and a 200 day moving average price of $3.34.

In other Calfrac Well Services news, insider Wilks Brothers, Llc purchased 754,300 shares of the stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of C$3.37 per share, for a total transaction of C$2,541,991.00. Also, insider Dan Wilks purchased 2,094,577 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of C$3.42 per share, with a total value of C$7,163,453.34. Over the last 90 days, insiders acquired 3,987,477 shares of company stock valued at $13,856,425.

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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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