Calfrac Well Services (CFW) Price Target Cut to C$3.25

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Calfrac Well Services (TSE:CFW) had its price target decreased by Canaccord Genuity from C$4.00 to C$3.25 in a research report issued to clients and investors on Thursday. Canaccord Genuity’s price target would indicate a potential upside of 13.64% from the stock’s current price.

A number of other research analysts also recently weighed in on CFW. National Bank Financial raised shares of Calfrac Well Services from a “sector perform overweight” rating to an “outperform market weight” rating in a research report on Monday, December 10th. GMP Securities reaffirmed an “average” rating and issued a C$5.00 target price on shares of Calfrac Well Services in a research report on Tuesday. Evercore decreased their target price on shares of Calfrac Well Services from C$8.00 to C$5.00 in a research report on Wednesday, December 19th. Evercore ISI decreased their target price on shares of Calfrac Well Services from C$8.00 to C$5.00 in a research report on Wednesday, December 19th. Finally, Royal Bank of Canada raised their target price on shares of Calfrac Well Services from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$6.60.

Calfrac Well Services stock opened at C$2.86 on Thursday. Calfrac Well Services has a 1-year low of C$2.03 and a 1-year high of C$8.35. The company has a debt-to-equity ratio of 197.07, a current ratio of 2.38 and a quick ratio of 1.76.

Calfrac Well Services (TSE:CFW) last released its earnings results on Thursday, October 25th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.08. The business had revenue of C$630.13 million during the quarter, compared to the consensus estimate of C$595.80 million. On average, research analysts anticipate that Calfrac Well Services will post 0.259999978333335 EPS for the current fiscal year.

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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