Calfrac Well Services Ltd (TSE:CFW) had its target price lifted by Royal Bank Of Canada from C$5.00 to C$6.00 in a research note issued to investors on Friday morning. The firm currently has an outperform rating on the stock.

Other analysts have also issued research reports about the stock. Scotiabank lifted their price objective on shares of Calfrac Well Services from C$5.00 to C$6.00 and gave the company an outperform rating in a research note on Thursday, July 27th. GMP Securities lifted their price objective on shares of Calfrac Well Services from C$3.00 to C$4.00 in a research note on Thursday, July 27th. CIBC dropped their price objective on shares of Calfrac Well Services from C$5.75 to C$4.00 in a research note on Thursday, July 20th. BMO Capital Markets dropped their price objective on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a market perform rating on the stock in a research note on Thursday, July 27th. Finally, Canaccord Genuity lifted their price objective on shares of Calfrac Well Services from C$3.00 to C$4.25 in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Calfrac Well Services presently has a consensus rating of Hold and a consensus price target of C$4.85.

Shares of Calfrac Well Services (TSE:CFW) opened at 3.47 on Friday. The stock’s 50 day moving average is $3.19 and its 200 day moving average is $3.40. Calfrac Well Services has a 12 month low of $2.23 and a 12 month high of $5.34. The stock’s market capitalization is $474.60 million.

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In related news, insider Dan Wilks purchased 2,094,577 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of C$3.42 per share, for a total transaction of C$7,163,453.34. Also, insider Wilks Brothers, Llc purchased 754,300 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average price of C$3.37 per share, with a total value of C$2,541,991.00.

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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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