Calfrac Well Services Ltd (TSE:CFW) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Calfrac Well Services Ltd (TSE:CFW) have been assigned an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$2.25.
CFW has been the topic of several recent analyst reports. TD Securities lowered Calfrac Well Services from a “hold” rating to a “reduce” rating and decreased their price target for the company from C$1.50 to C$0.50 in a research note on Friday, November 1st. Raymond James restated a “market perform” rating and issued a C$1.00 price objective on shares of Calfrac Well Services in a report on Friday, November 1st. Canaccord Genuity lowered their price objective on shares of Calfrac Well Services from C$1.50 to C$1.00 in a research report on Wednesday, November 27th. CIBC cut their target price on Calfrac Well Services from C$3.25 to C$2.25 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their price target on Calfrac Well Services from C$1.75 to C$1.50 and set a “sector perform” rating on the stock in a research note on Friday, November 1st.
CFW stock opened at C$0.86 on Tuesday. Calfrac Well Services has a one year low of C$0.78 and a one year high of C$3.95. The firm has a market cap of $117.36 million and a PE ratio of -1.11. The firm’s 50 day moving average price is C$1.11 and its 200-day moving average price is C$1.65. The company has a debt-to-equity ratio of 242.32, a quick ratio of 1.50 and a current ratio of 2.33.
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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