JPMorgan Chase & Co. Downgrades Calfrac Well Services (CFW) to Underweight
Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity cut their price objective on shares of Calfrac Well Services from C$7.75 to C$7.00 in a report on Friday, August 17th. BMO Capital Markets cut their price objective on shares of Calfrac Well Services from C$8.00 to C$6.50 in a report on Thursday, July 26th. CIBC cut their price objective on shares of Calfrac Well Services from C$9.50 to C$8.50 in a report on Friday, July 20th. Raymond James upped their price objective 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. Finally, Royal Bank of Canada cut their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of C$7.04.
CFW traded up C$0.02 during midday trading on Thursday, reaching C$4.09. The company’s stock had a trading volume of 131,067 shares, compared to its average volume of 586,825. Calfrac Well Services has a 1 year low of C$3.88 and a 1 year high of C$8.35.
About Calfrac Well Services
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.
Further Reading: What are the components of an earnings report?
Receive News & Ratings for Calfrac Well Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services and related companies with MarketBeat.com's FREE daily email newsletter.