Cormark Reaffirms Buy Rating for Calfrac Well Services (CFW)
A number of other research analysts also recently commented on the company. Evercore increased their target price on Calfrac Well Services from C$7.00 to C$8.00 in a research report on Friday. GMP Securities increased their target price on Calfrac Well Services from C$8.00 to C$9.00 in a research report on Friday. TD Securities increased their target price on Calfrac Well Services from C$7.00 to C$8.00 and gave the company a buy rating in a research report on Friday. JPMorgan Chase & Co. downgraded Calfrac Well Services from a neutral rating to an underweight rating in a research report on Thursday, October 18th. Finally, Canaccord Genuity downgraded Calfrac Well Services from a buy rating to a hold rating and lowered their target price for the company from C$6.00 to C$4.75 in a research report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$7.41.
TSE CFW opened at C$4.62 on Friday. Calfrac Well Services has a one year low of C$3.59 and a one year high of C$8.35.
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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