Calfrac Well Services Ltd. (TSE:CFW) had its price target upped by stock analysts at Canaccord Genuity from C$3.25 to C$3.50 in a note issued to investors on Thursday. Canaccord Genuity’s price objective would indicate a potential upside of 11.11% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Evercore Partners Inc. boosted their price objective on shares of Calfrac Well Services from C$2.50 to C$4.00 in a research report on Wednesday, June 29th. Evercore ISI boosted their price objective on shares of Calfrac Well Services from C$2.50 to C$4.00 in a research report on Wednesday, June 29th. CIBC boosted their price objective on shares of Calfrac Well Services from C$3.50 to C$4.50 in a research report on Wednesday, July 20th. Raymond James Financial Inc. decreased their price objective on shares of Calfrac Well Services from C$5.70 to C$5.50 in a research report on Friday, October 7th. Finally, TD Securities reduced their target price on shares of Calfrac Well Services from C$3.75 to C$2.75 and set a “hold” rating on the stock in a report on Friday, July 29th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Calfrac Well Services presently has an average rating of “Hold” and an average target price of C$3.65.
Shares of Calfrac Well Services (TSE:CFW) opened at 3.15 on Thursday. Calfrac Well Services has a 12 month low of $1.06 and a 12 month high of $4.17. The stock has a 50 day moving average of $2.98 and a 200 day moving average of $2.70. The stock’s market cap is $364.07 million.
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.
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