RBC Capital Markets Lowers Calfrac Well Services Ltd. (CFW) Price Target to C$3.00
Calfrac Well Services Ltd. (TSE:CFW) had its target price decreased by RBC Capital Markets from C$3.75 to C$3.00 in a research report issued on Tuesday. The firm presently has a “sector perform” rating on the stock. RBC Capital Markets’ price target suggests a potential upside of 8.30% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. CIBC reduced their price target on shares of Calfrac Well Services from C$4.50 to C$4.25 in a research report on Friday, October 28th. Canaccord Genuity increased their target price on shares of Calfrac Well Services from C$3.25 to C$3.50 in a research report on Thursday, October 13th. Raymond James Financial Inc. cut their target price on shares of Calfrac Well Services from C$5.70 to C$5.50 in a research report on Friday, October 7th. TD Securities reiterated a “hold” rating and set a C$3.00 target price on shares of Calfrac Well Services in a research report on Friday, October 28th. Finally, Royal Bank Of Canada cut their target price on shares of Calfrac Well Services from C$4.75 to C$3.75 and set a “sector perform” rating for the company in a research report on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$3.36.
Shares of Calfrac Well Services (TSE:CFW) opened at 2.77 on Tuesday. Calfrac Well Services has a one year low of $1.06 and a one year high of $4.17. The company’s 50 day moving average is $2.97 and its 200 day moving average is $2.93. The company’s market capitalization is $320.15 million.
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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