Calfrac Well Services (TSE:CFW) Price Target Lowered to C$2.00 at BMO Capital Markets

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Calfrac Well Services (TSE:CFW) had its price target decreased by BMO Capital Markets from C$5.00 to C$2.00 in a report released on Friday, BayStreet.CA reports.

Several other brokerages have also commented on CFW. Canaccord Genuity dropped their price objective on Calfrac Well Services from C$2.60 to C$2.20 in a report on Tuesday, July 9th. CIBC dropped their price objective on Calfrac Well Services from C$4.00 to C$3.25 in a report on Thursday, July 18th. Royal Bank of Canada dropped their price objective on Calfrac Well Services from C$10.00 to C$6.00 and set an outperform rating on the stock in a report on Thursday, July 18th. Cormark dropped their price objective on Calfrac Well Services from C$7.00 to C$4.25 in a report on Wednesday, May 8th. Finally, TD Securities dropped their price objective on Calfrac Well Services from C$4.25 to C$3.75 and set a hold rating on the stock in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of C$3.68.

Shares of CFW opened at C$1.70 on Friday. The company has a debt-to-equity ratio of 205.83, a quick ratio of 1.48 and a current ratio of 2.10. Calfrac Well Services has a 12 month low of C$1.65 and a 12 month high of C$5.64. The firm has a 50 day simple moving average of C$1.97. The firm has a market capitalization of $147.86 million and a price-to-earnings ratio of -4.21.

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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