Calfrac Well Services (TSE:CFW) Price Target Cut to C$5.50

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Calfrac Well Services (TSE:CFW) had its price objective trimmed by Royal Bank of Canada from C$6.00 to C$5.50 in a report published on Friday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on the company. TD Securities lowered their price target 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. Raymond James cut Calfrac Well Services from a strong-buy rating to an outperform rating and lowered their target price for the company from C$7.50 to C$4.00 in a report on Friday. AltaCorp Capital cut Calfrac Well Services from a sector perform rating to an underperform rating in a report on Monday, July 8th. Canaccord Genuity lowered their target price on Calfrac Well Services from C$2.60 to C$2.20 in a report on Tuesday, July 9th. Finally, BMO Capital Markets lowered their target price on Calfrac Well Services from C$5.00 to C$2.00 in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$3.68.

CFW opened at C$1.70 on Friday. The firm has a market cap of $147.86 million and a PE ratio of -4.21. The company has a current ratio of 2.10, a quick ratio of 1.48 and a debt-to-equity ratio of 205.83. The stock has a 50 day moving average price of C$1.97. Calfrac Well Services has a 1-year low of C$1.65 and a 1-year high of C$5.64.

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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