Calfrac Well Services Price Target Cut to C$40.00 by Analysts at CIBC (CFW)
Analysts at CIBC decreased their target price on shares of Calfrac Well Services (TSE:CFW) from C$41.00 to C$40.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm currently has a “sector outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 25.04% from the stock’s previous close.
A number of other firms have also recently commented on CFW. Analysts at Raymond James raised their price target on shares of Calfrac Well Services (TSE:CFW) from C$35.00 to C$35.50 in a research note to investors on Friday. Separately, analysts at Scotiabank cut their price target on shares of Calfrac Well Services (TSE:CFW) from C$42.00 to C$40.00 in a research note to investors on Friday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$37.54.
Shares of Calfrac Well Services (TSE:CFW) traded up 0.53% on Friday, hitting $31.99. 142,910 shares of the company’s stock traded hands. Calfrac Well Services has a one year low of $21.55 and a one year high of $35.90. The stock has a 50-day moving average of $33.53 and a 200-day moving average of $29.2. The company has a market cap of $1.472 billion and a price-to-earnings ratio of 29.74.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.13%.
Calfrac Well Services Ltd. is a provider of specialized oilfield services in Canada, the United States, Russia, Mexico, Argentina and Colombia, including hydraulic fracturing, coiled tubing, cementing and other well stimulation services.
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