Calfrac Well Services Ltd. (CFW) Rating Reiterated by AltaCorp Capital
Calfrac Well Services Ltd. (TSE:CFW)‘s stock had its “sector perform” rating reissued by investment analysts at AltaCorp Capital in a report released on Tuesday.
CFW has been the topic of a number of other research reports. TD Securities reaffirmed a “hold” rating and set a C$3.00 price target on shares of Calfrac Well Services in a research report on Friday, October 28th. RBC Capital Markets dropped their price objective 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. Royal Bank Of Canada dropped their price objective on shares of Calfrac Well Services from C$4.75 to C$3.75 and set a “sector perform” rating on the stock in a report on Tuesday, September 6th. CIBC upped their price objective on shares of Calfrac Well Services from C$3.50 to C$4.50 in a report on Wednesday, July 20th. Finally, Scotiabank reiterated an “underperform” rating and set a C$3.00 price objective on shares of Calfrac Well Services in a report on Friday, October 28th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$3.36.
Shares of Calfrac Well Services (TSE:CFW) traded up 0.36% during trading on Tuesday, hitting $2.78. The stock had a trading volume of 123,687 shares. The firm has a 50-day moving average of $2.96 and a 200 day moving average of $2.92. The company’s market capitalization is $321.31 million. Calfrac Well Services has a 1-year low of $1.06 and a 1-year 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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