Shares of Calfrac Well Services Ltd (TSE:CFW) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$4.90.

A number of research firms have commented on CFW. National Bank Financial lifted their target price on Calfrac Well Services from C$5.75 to C$6.50 and gave the company an “outperform” rating in a research report on Tuesday, September 5th. Royal Bank Of Canada lifted their target price on Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, August 25th. Scotiabank lifted their target price on Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. GMP Securities lifted their target price on Calfrac Well Services from C$3.00 to C$4.00 in a research report on Thursday, July 27th. Finally, Canaccord Genuity lifted their target price on Calfrac Well Services from C$3.00 to C$4.25 in a research report on Thursday, July 27th.

In other news, insider Dan Wilks acquired 2,094,577 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average price of C$3.42 per share, for a total transaction of C$7,163,453.34. Also, insider Wilks Brothers, Llc acquired 2,453,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average price of C$4.25 per share, for a total transaction of C$10,425,250.00. Insiders purchased a total of 6,440,477 shares of company stock worth $24,281,675 in the last quarter.

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Calfrac Well Services (TSE:CFW) opened at 4.76 on Friday. The company’s market cap is $651.03 million. The firm has a 50-day moving average price of $3.62 and a 200 day moving average price of $3.35. Calfrac Well Services has a 12 month low of $2.23 and a 12 month high of $5.34.

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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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