BMO Capital Markets Increases Calfrac Well Services (CFW) Price Target to C$8.00
Calfrac Well Services (TSE:CFW) had its price objective boosted by BMO Capital Markets from C$6.00 to C$8.00 in a research note released on Friday. BMO Capital Markets currently has a market perform rating on the stock.
A number of other equities analysts have also weighed in on the company. Raymond James Financial increased their price target on Calfrac Well Services from C$8.50 to C$10.00 and gave the company an outperform rating in a research report on Tuesday, February 13th. Canaccord Genuity increased their price target on Calfrac Well Services from C$8.00 to C$8.50 in a research report on Tuesday, February 6th. CIBC upgraded Calfrac Well Services from a neutral rating to an outperform rating and increased their price target for the company from C$6.75 to C$9.50 in a research report on Tuesday, January 23rd. Scotiabank reiterated a sector perform rating and issued a C$7.75 price target on shares of Calfrac Well Services in a research report on Thursday, December 7th. Finally, TD Securities increased their price target on Calfrac Well Services from C$7.00 to C$7.50 and gave the company a buy rating in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$7.94.
Calfrac Well Services (CFW) opened at C$6.30 on Friday. Calfrac Well Services has a 1 year low of C$2.23 and a 1 year high of C$7.49. The firm has a market capitalization of $905.66, a price-to-earnings ratio of -8.51 and a beta of 1.73.
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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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