Calfrac Well Services Price Target Cut to C$40.00 (CFW)
Equities research analysts at TD Securities decreased their price objective on shares of Calfrac Well Services (TSE:CFW) from C$41.00 to C$40.00 in a research note issued to investors on Monday, Analyst Ratings Network reports. TD Securities’ target price would suggest a potential upside of 27.35% from the company’s current price.
Calfrac Well Services (TSE:CFW) traded down 1.81% during mid-day trading on Monday, hitting $31.41. 168,708 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 $1.445 billion and a price-to-earnings ratio of 29.90.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors 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 3.18%.
A number of other analysts have also recently weighed in on CFW. Analysts at CIBC cut their price target on shares of Calfrac Well Services from C$41.00 to C$40.00 in a research note to investors on Friday. They now have a “sector outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Calfrac Well Services from C$35.00 to C$35.50 in a research note to investors on Friday. Finally, analysts at Scotiabank cut their price target on shares of Calfrac Well Services from C$42.00 to C$40.00 in a research note to investors on Friday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$37.46.
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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