Calfrac Well Services Given Average Recommendation of “Buy” by Analysts (TSE:CFW)
Shares of Calfrac Well Services (TSE:CFW) have received an average rating of “Buy” from the thirteen brokerages that are currently covering the company, American Banking & Market News reports. Two investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$40.18.
Calfrac Well Services (TSE:CFW) opened at 34.67 on Tuesday. Calfrac Well Services has a one year low of $23.41 and a one year high of $36.95. The stock has a 50-day moving average of $35. and a 200-day moving average of $32.49. The company has a market cap of $1.622 billion and a P/E ratio of 57.56.
A number of analysts have recently weighed in on CFW shares. Analysts at Canaccord Genuity raised their price target on shares of Calfrac Well Services from C$42.00 to C$44.00 in a research note on Friday, March 28th. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Calfrac Well Services from C$35.50 to C$36.00 in a research note on Monday, March 3rd. They now have a “market perform” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Calfrac Well Services from C$38.00 to C$43.00 in a research note on Thursday, February 27th. They now have an “outperform” rating on the stock.
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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