Shares of Calfrac Well Services Ltd. (TSE:CFW) have earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$3.28.

A number of research analysts have issued reports on the company. Raymond James Financial Inc. lowered their price objective on Calfrac Well Services from C$5.70 to C$5.50 in a research note on Friday, October 7th. Canaccord Genuity lifted their price objective on Calfrac Well Services from C$3.25 to C$3.50 in a research note on Thursday, October 13th. CIBC lowered their price objective on Calfrac Well Services from C$10.00 to C$8.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 25th. RBC Capital Markets lowered their price objective on Calfrac Well Services from C$4.50 to C$3.75 and set a “sector perform” rating for the company in a research note on Tuesday, September 6th. Finally, Royal Bank Of Canada lowered their price objective on Calfrac Well Services from C$4.75 to C$3.75 and set a “sector perform” rating for the company in a research note on Tuesday, September 6th.

Shares of Calfrac Well Services (TSE:CFW) traded up 1.67% on Wednesday, hitting $3.05. The stock had a trading volume of 642,412 shares. The stock has a 50 day moving average of $2.96 and a 200-day moving average of $2.97. The stock’s market cap is $352.52 million. Calfrac Well Services has a 12 month low of $1.06 and a 12 month high of $4.17.

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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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