Calfrac Well Services Ltd. (CFW) Given New C$5.50 Price Target at Raymond James Financial Inc.
Calfrac Well Services Ltd. (TSE:CFW) had its target price reduced by research analysts at Raymond James Financial Inc. from C$5.70 to C$5.50 in a research note issued to investors on Friday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price target would indicate a potential upside of 58.96% from the stock’s current price.
A number of other equities analysts have also recently weighed in on CFW. CIBC lowered their price objective on shares of Calfrac Well Services from C$10.00 to C$8.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 25th. TD Securities decreased their price target on shares of Calfrac Well Services from C$3.75 to C$2.75 and set a “hold” rating for the company in a research report on Friday, July 29th. National Bank Financial raised their price target on shares of Calfrac Well Services from C$2.25 to C$3.15 in a research report on Monday, June 13th. Royal Bank Of Canada raised their price target on shares of Calfrac Well Services from C$2.00 to C$3.00 and gave the company a “sector perform” rating in a research report on Monday, June 13th. Finally, FirstEnergy Capital raised their price target on shares of Calfrac Well Services from C$1.75 to C$4.00 in a research report on Monday, June 13th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$3.64.
Shares of Calfrac Well Services (TSE:CFW) traded down 4.91% during trading on Friday, hitting $3.29. The stock had a trading volume of 760,700 shares. The stock’s market cap is $380.25 million. The stock’s 50 day moving average price is $2.99 and its 200-day moving average price is $2.63. Calfrac Well Services has a one year low of $1.06 and a one year high of $4.17.
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Calfrac Well Services Company Profile
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.
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