JPMorgan Chase & Co. downgraded shares of Calfrac Well Services (TSE:CFW) from a neutral rating to an underweight rating in a research report released on Thursday morning.

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.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Wednesday, July 25th. The company reported C($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.01 by C($0.02). The business had revenue of C$544.60 million during the quarter, compared to analysts’ expectations of C$525.62 million. Calfrac Well Services had a return on equity of 6.51% and a net margin of 1.49%.

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.

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Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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