Calfrac Well Services Ltd. (CFW) Price Target Cut to C$3.00
Calfrac Well Services Ltd. (TSE:CFW) had its target price cut by analysts at Royal Bank Of Canada from C$3.75 to C$3.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 8.30% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity dropped their target price on shares of Calfrac Well Services from C$3.50 to C$3.25 and set a “hold” rating on the stock in a report on Friday, October 28th. RBC Capital Markets dropped their target price on shares of Calfrac Well Services from C$4.50 to C$3.75 and set a “sector perform” rating on the stock in a report on Tuesday, September 6th. CIBC dropped their target price on shares of Calfrac Well Services from C$4.50 to C$4.25 in a report on Friday, October 28th. TD Securities dropped 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 report on Friday, July 29th. Finally, Scotiabank restated an “underperform” rating and set a C$3.00 target price on shares of Calfrac Well Services in a report on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$3.36.
Calfrac Well Services (TSE:CFW) opened at 2.77 on Tuesday. The company’s 50-day moving average is $2.97 and its 200 day moving average is $2.93. The company’s market cap is $320.15 million. Calfrac Well Services has a 52-week low of $1.06 and a 52-week high of $4.17.
Calfrac Well Services Company Profile
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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