Calfrac Well Services Receives Consensus Recommendation of “Buy” from Brokerages (TSE:CFW)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.