Calfrac Well Services Ltd (TSE:CFW) is set to post its quarterly earnings results before the market opens on Wednesday, October 25th. Analysts expect Calfrac Well Services to post earnings of C($0.10) per share for the quarter.

Shares of Calfrac Well Services Ltd (CFW) opened at 4.80 on Wednesday. The firm’s market capitalization is $656.51 million. The stock has a 50 day moving average of $4.44 and a 200-day moving average of $3.54. Calfrac Well Services Ltd has a 52-week low of $2.23 and a 52-week high of $5.34.

In related news, insider Wilks Brothers, Llc acquired 2,453,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were purchased at an average price of C$4.25 per share, for a total transaction of C$10,425,250.00. Also, insider Dan Wilks acquired 2,094,577 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of C$3.42 per share, for a total transaction of C$7,163,453.34. In the last 90 days, insiders have bought 6,441,977 shares of company stock worth $24,284,660.

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Several research analysts have commented on CFW shares. Raymond James Financial, Inc. raised their price target on shares of Calfrac Well Services from C$5.85 to C$6.00 and gave the company a “strong-buy” rating in a report on Monday, September 25th. Canaccord Genuity cut their price target on shares of Calfrac Well Services from C$4.00 to C$3.00 in a report on Tuesday, July 11th. National Bank Financial raised their price target on shares of Calfrac Well Services from C$4.25 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Royal Bank Of Canada raised their price target on shares of Calfrac Well Services from C$6.00 to C$7.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Finally, CIBC cut their price target on shares of Calfrac Well Services from C$5.75 to C$4.00 in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Calfrac Well Services has an average rating of “Hold” and an average target price of C$5.02.

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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