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Calfrac Well Services (TSE:CFW) has been given an average recommendation of “Buy” by the fourteen ratings firms that are covering the company, Analyst RN reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$29.36.

A number of research firms have recently commented on CFW. Analysts at Pi Financial raised their price target on shares of Calfrac Well Services from C$27.00 to C$28.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Calfrac Well Services from C$26.00 to C$29.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Calfrac Well Services from C$26.00 to C$28.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock.

Shares of Calfrac Well Services (TSE:CFW) opened at 20.02 on Wednesday. Calfrac Well Services has a 52 week low of $14.29 and a 52 week high of $22.57. The stock’s 50-day moving average is $20.76 and its 200-day moving average is $18.88. The company has a market cap of $1.897 billion and a P/E ratio of 129.23.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.14) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.14). On average, analysts predict that Calfrac Well Services will post $0.64 earnings per share for the current fiscal year.

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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