Calfrac Well Services Ltd. (TSE:CFW) had its target price cut by Raymond James Financial Inc. from C$5.70 to C$5.50 in a report released on Friday morning.

Several other brokerages have also recently weighed in on CFW. Pi Financial increased their price objective on shares of Calfrac Well Services from C$1.75 to C$4.15 and gave the stock a neutral rating in a research note on Monday, June 13th. FirstEnergy Capital raised their target price on shares of Calfrac Well Services from C$1.75 to C$4.00 in a research note on Monday, June 13th. Scotiabank restated an underperform rating and set a C$3.00 target price on shares of Calfrac Well Services in a research note on Friday, July 29th. TD Securities decreased their target price on shares of Calfrac Well Services from C$3.75 to C$2.75 and set a hold rating on the stock in a research note on Friday, July 29th. Finally, National Bank Financial upgraded shares of Calfrac Well Services from a sector perform market weight rating to an outperfrom under weight rating in a research note on Monday, July 4th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$3.64.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

Shares of Calfrac Well Services (TSE:CFW) traded down 3.18% during midday trading on Friday, hitting $3.35. 951,160 shares of the stock were exchanged. Calfrac Well Services has a 52-week low of $1.06 and a 52-week high of $4.17. The firm’s 50-day moving average is $2.98 and its 200 day moving average is $2.65. The firm’s market cap is $387.19 million.

About Calfrac Well Services

Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.

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