AltaCorp Capital reissued their sector perform rating on shares of Calfrac Well Services Ltd. (TSE:CFW) in a research note issued to investors on Tuesday morning.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity upped their price target on Calfrac Well Services from C$3.25 to C$3.50 in a report on Thursday, October 13th. Raymond James Financial Inc. lowered their price target on Calfrac Well Services from C$5.70 to C$5.50 in a report on Friday, October 7th. CIBC upped their price target on Calfrac Well Services from C$3.50 to C$4.50 in a report on Wednesday, July 20th. TD Securities reiterated a hold rating and set a C$3.00 target price on shares of Calfrac Well Services in a report on Friday, October 28th. Finally, RBC Capital Markets lowered their target price on 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. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and an average target price of C$3.36.

Calfrac Well Services (TSE:CFW) traded up 0.72% during trading on Tuesday, hitting $2.79. The stock had a trading volume of 129,812 shares. The stock’s 50 day moving average price is $2.96 and its 200 day moving average price is $2.92. The firm’s market cap is $322.47 million. Calfrac Well Services has a 12-month low of $1.06 and a 12-month high of $4.17.

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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