Brokerages Set Calfrac Well Services Ltd (CFW) PT at $7.68
Calfrac Well Services Ltd (TSE:CFW) has received an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$7.68.
Several equities research analysts recently weighed in on CFW shares. CIBC raised shares of Calfrac Well Services from a “neutral” rating to an “outperform” rating in a research report on Monday, June 18th. Canaccord Genuity reduced their price target on shares of Calfrac Well Services from C$8.50 to C$7.75 in a research report on Tuesday, July 10th. Raymond James raised their target price on shares of Calfrac Well Services from C$10.00 to C$10.25 and gave the stock a “c$5.74” rating in a report on Wednesday, July 18th. BMO Capital Markets dropped their target price on shares of Calfrac Well Services from C$8.00 to C$6.50 in a report on Thursday, July 26th. Finally, Royal Bank of Canada dropped their target price on shares of Calfrac Well Services from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Thursday, July 26th.
Shares of CFW traded up C$0.01 on Friday, hitting C$4.49. 262,363 shares of the stock traded hands, compared to its average volume of 589,564. Calfrac Well Services has a one year low of C$3.99 and a one year high of C$8.35.
Calfrac Well Services Company Profile
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.
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