Calfrac Well Services (TSE:CFW) had its price target trimmed by National Bank Financial from C$2.25 to C$1.75 in a research note published on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
A number of other equities research analysts have also recently commented on CFW. AltaCorp Capital cut shares of Calfrac Well Services from a sector perform rating to an underperform rating in a research report on Monday, July 8th. Royal Bank of Canada reduced their target price on shares of Calfrac Well Services from C$6.00 to C$5.50 in a research report on Friday, August 2nd. CIBC reduced their target price on shares of Calfrac Well Services from C$4.00 to C$3.25 in a research report on Thursday, July 18th. Canaccord Genuity reduced their target price on shares of Calfrac Well Services from C$2.60 to C$2.20 in a research report on Tuesday, July 9th. Finally, Raymond James cut shares of Calfrac Well Services from a strong-buy rating to an outperform rating and reduced their target price for the company from C$7.50 to C$4.00 in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Calfrac Well Services presently has an average rating of Hold and a consensus target price of C$3.58.
TSE:CFW opened at C$1.50 on Thursday. The company has a debt-to-equity ratio of 226.98, a quick ratio of 1.62 and a current ratio of 2.43. The company has a fifty day moving average of C$1.85 and a two-hundred day moving average of C$2.67. The stock has a market capitalization of $217.00 million and a PE ratio of -3.25. Calfrac Well Services has a fifty-two week low of C$1.36 and a fifty-two week high of C$5.64.
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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