Calfrac Well Services Receives “Outperform” Rating from RBC Capital (CFW)
Calfrac Well Services (TSE:CFW)‘s stock had its “outperform” rating reaffirmed by equities researchers at RBC Capital in a research report issued on Monday, AnalystRatings.NET reports. They currently have a C$42.00 target price on the stock. RBC Capital’s price objective points to a potential upside of 33.72% from the company’s current price.
Calfrac Well Services (TSE:CFW) traded down 1.81% on Monday, hitting $31.41. The stock had a trading volume of 168,708 shares. Calfrac Well Services has a 1-year low of $21.55 and a 1-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. 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 3.18%.
Several other analysts have also recently commented on the stock. Analysts at TD Securities 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 Monday. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock 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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