Calfrac Well Services (TSE:CFW) had its price objective increased by Royal Bank of Canada from C$8.00 to C$9.00 in a research note issued to investors on Friday morning. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on CFW. GMP Securities upped their target price on Calfrac Well Services from C$8.00 to C$9.00 in a research note on Friday, October 26th. Evercore upped their target price on Calfrac Well Services from C$7.00 to C$8.00 in a research note on Friday, October 26th. TD Securities upped their target price on Calfrac Well Services from C$7.00 to C$8.00 and gave the stock a buy rating in a research note on Friday, October 26th. CIBC reduced their target price on Calfrac Well Services from C$9.50 to C$8.50 in a research note on Friday, July 20th. Finally, BMO Capital Markets raised Calfrac Well Services from a market perform rating to an outperform rating in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$7.49.

Shares of CFW stock traded down C$0.11 during trading hours on Friday, hitting C$3.94. 689,800 shares of the company’s stock were exchanged, compared to its average volume of 592,723. The company has a quick ratio of 1.67, a current ratio of 2.43 and a debt-to-equity ratio of 207.25. Calfrac Well Services has a fifty-two week low of C$3.59 and a fifty-two week high of C$8.35.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.

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Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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