Calfrac Well Services Ltd (CFW) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Calfrac Well Services Ltd (TSE:CFW) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$5.05.
Several analysts have recently weighed in on CFW shares. Scotiabank reiterated a “sector perform” rating and set a C$5.00 target price on shares of Calfrac Well Services in a research report on Thursday, April 27th. CIBC decreased their target price on shares of Calfrac Well Services from C$6.25 to C$5.75 in a research report on Friday, February 24th. Finally, Canaccord Genuity reduced 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 report on Friday, February 24th.
Calfrac Well Services (TSE CFW) opened at 3.01 on Friday. The company’s market cap is $411.66 million. Calfrac Well Services has a one year low of $2.38 and a one year high of $5.34. The firm has a 50-day moving average of $3.37 and a 200-day moving average of $3.92.
About Calfrac Well Services
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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