Calfrac Well Services Ltd. (TSE:CFW) received a C$3.00 price target from equities researchers at TD Securities in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 1.64% from the company’s previous close.

Several other equities research analysts also recently weighed in on CFW. Scotiabank reaffirmed an “underperform” rating and issued a C$3.00 target price on shares of Calfrac Well Services in a research report on Friday, July 29th. CIBC decreased their target price on Calfrac Well Services from C$10.00 to C$8.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 25th. Royal Bank Of Canada decreased their target price on 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. RBC Capital Markets decreased their target price on Calfrac Well Services from C$4.50 to C$3.75 and set a “sector perform” rating for the company in a research report on Tuesday, September 6th. Finally, Raymond James Financial Inc. decreased their target price on Calfrac Well Services from C$5.70 to C$5.50 in a research report on Friday, October 7th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Calfrac Well Services presently has an average rating of “Hold” and an average price target of C$3.36.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

Shares of Calfrac Well Services (TSE:CFW) traded up 4.59% on Thursday, hitting $3.19. The company’s stock had a trading volume of 774,747 shares. The company has a 50 day moving average of $2.96 and a 200 day moving average of $2.97. Calfrac Well Services has a 1-year low of $1.06 and a 1-year high of $4.17. The firm’s market cap is $368.70 million.

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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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