Calfrac Well Services (OTCMKTS:CFWFF) Trading Down 1.9%
Calfrac Well Services Ltd. (OTCMKTS:CFWFF)’s share price dropped 1.9% during trading on Monday . The company traded as low as $3.46 and last traded at $3.49. Approximately 2,954 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 68,890 shares. The stock had previously closed at $3.56.
Separately, BMO Capital Markets lowered Calfrac Well Services from a “market perform” rating to an “underperform” rating in a research note on Monday, December 21st. Five research analysts have rated the stock with a sell rating, The company presently has an average rating of “Sell” and a consensus price target of $0.19.
The business has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $0.35.
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, Russia, 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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