Calfrac Well Services Ltd (TSE:CFW) had its target price upped by TD Securities from C$7.00 to C$7.50 in a research note published on Wednesday morning. The firm currently has a buy rating on the stock.

Several other analysts have also issued reports on CFW. BMO Capital Markets dropped their price objective on 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. Canaccord Genuity upped their price objective on Calfrac Well Services from C$3.00 to C$4.25 in a research note on Thursday, July 27th. GMP Securities upped their price objective on Calfrac Well Services from C$3.00 to C$4.00 in a research note on Thursday, July 27th. Scotiabank increased their target price on Calfrac Well Services from C$5.00 to C$6.00 and gave the stock an outperform rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada increased their target price on Calfrac Well Services from C$4.00 to C$5.00 and gave the stock a sector perform rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Calfrac Well Services currently has an average rating of Buy and a consensus target price of C$6.42.

Calfrac Well Services (TSE:CFW) traded down C$0.01 during trading hours on Wednesday, reaching C$5.64. The company’s stock had a trading volume of 1,036,724 shares, compared to its average volume of 653,116. Calfrac Well Services has a 12-month low of C$2.23 and a 12-month high of C$6.10.

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In related news, insider Dan Wilks purchased 2,094,577 shares of Calfrac Well Services stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average price of C$3.42 per share, with a total value of C$7,163,453.34. Also, insider Wilks Brothers, Llc purchased 2,453,000 shares of Calfrac Well Services stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average cost of C$4.25 per share, for a total transaction of C$10,425,250.00. In the last quarter, insiders have bought 6,687,677 shares of company stock worth $27,302,669.

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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