Calfrac Well Services Ltd (CFW) Given Average Rating of “Hold” by Brokerages
Shares of Calfrac Well Services Ltd (TSE:CFW) have received a consensus rating of “Hold” from the fifteen ratings firms that are covering the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$4.97.
A number of research analysts recently commented on the stock. Scotiabank reiterated a “sector perform” rating and issued a C$5.00 price target on shares of Calfrac Well Services in a research note on Friday, February 24th. CIBC decreased their price target on shares of Calfrac Well Services from C$6.25 to C$5.75 in a research note on Friday, February 24th. Finally, Canaccord Genuity decreased their price target on shares of Calfrac Well Services from C$5.25 to C$4.75 and set a “hold” rating on the stock in a research note on Friday, February 24th.
Shares of Calfrac Well Services (TSE:CFW) opened at 3.62 on Monday. Calfrac Well Services has a 1-year low of $1.80 and a 1-year high of $5.34. The company’s market cap is $495.09 million. The company has a 50 day moving average of $3.57 and a 200 day moving average of $3.84.
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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