Calfrac Well Services (CFW) Rating Increased to Strong-Buy at Raymond James

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Calfrac Well Services (TSE:CFW) was upgraded by investment analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Friday.

A number of other brokerages also recently issued reports on CFW. Evercore increased their price objective on shares of Calfrac Well Services from C$7.00 to C$8.00 in a research note on Friday, October 26th. GMP Securities increased their price objective on shares of Calfrac Well Services from C$8.00 to C$9.00 in a research note on Friday, October 26th. Royal Bank of Canada increased their price objective on shares of Calfrac Well Services from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. BMO Capital Markets upgraded shares of Calfrac Well Services from a “market perform” rating to an “outperform” rating in a research note on Friday, October 26th. Finally, Cormark reiterated a “buy” rating and set a C$7.50 price objective on shares of Calfrac Well Services in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$6.60.

CFW stock opened at C$2.83 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.76 and a debt-to-equity ratio of 197.07. Calfrac Well Services has a 52 week low of C$2.03 and a 52 week high of C$8.35.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Thursday, October 25th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.08. The firm had revenue of C$630.13 million for the quarter, compared to analyst estimates of C$595.80 million. On average, equities analysts anticipate that Calfrac Well Services will post 0.170000008409894 earnings per share for the current year.

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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