Calfrac Well Services Ltd (TSE:CFW) has earned an average recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$7.53.
CFW has been the topic of several research reports. TD Securities increased their target price on Calfrac Well Services from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Scotiabank lowered Calfrac Well Services from an “outperform” rating to a “sector perform” rating and set a C$7.75 target price on the stock. in a research report on Thursday, November 16th. CIBC raised Calfrac Well Services from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$6.75 to C$9.50 in a research report on Tuesday, January 23rd. Canaccord Genuity increased their target price on Calfrac Well Services from C$8.00 to C$8.50 in a research report on Tuesday, February 6th. Finally, Raymond James Financial increased their target price on Calfrac Well Services from C$8.50 to C$10.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th.
Shares of Calfrac Well Services (CFW) traded down C$0.16 on Wednesday, hitting C$6.28. The company had a trading volume of 228,935 shares, compared to its average volume of 400,682. The stock has a market cap of $912.85, a price-to-earnings ratio of -8.58 and a beta of 1.71. Calfrac Well Services has a twelve month low of C$2.23 and a twelve month high of C$7.49.
About Calfrac Well Services
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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