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Calfrac Well Services (TSE:CFW) has been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock, AnalystRatings.Net reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$34.58.

Shares of Calfrac Well Services (TSE:CFW) opened at 20.54 on Wednesday. Calfrac Well Services has a one year low of $14.29 and a one year high of $21.69. The stock’s 50-day moving average is $19.8 and its 200-day moving average is $17.81. The company has a market cap of $1.934 billion and a P/E ratio of 167.44.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.15. Analysts expect that Calfrac Well Services will post $0.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, June 26th.

Several analysts have recently commented on the stock. Analysts at TD Securities raised their price target on shares of Calfrac Well Services from C$25.00 to C$26.00 in a research note on Friday, July 4th. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 4th. They now have a C$26.00 price target on the stock, up previously from C$22.50. Finally, analysts at CIBC raised their price target on shares of Calfrac Well Services from C$22.50 to C$25.00 in a research note on Friday, July 4th. 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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