Calfrac Well Services Ltd (TSE:CFW) had its price target boosted by stock analysts at BMO Capital Markets from C$4.50 to C$6.00 in a note issued to investors on Friday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 20.97% from the stock’s current price.

Several other analysts have also recently commented on CFW. CIBC upped their target price on Calfrac Well Services from C$4.50 to C$6.75 in a report on Friday, October 20th. Canaccord Genuity upped their target price on Calfrac Well Services from C$3.00 to C$4.25 in a report on Thursday, July 27th. GMP Securities upped their target price on Calfrac Well Services from C$3.00 to C$4.00 in a report on Thursday, July 27th. Scotiabank upped their target price on Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada upped their target price on Calfrac Well Services from C$4.00 to C$5.00 and gave the company a “sector perform” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$5.94.

Shares of Calfrac Well Services (TSE CFW) traded up 2.48% during mid-day trading on Friday, hitting $4.96. 1,420,243 shares of the company were exchanged. The firm has a 50 day moving average of $4.63 and a 200 day moving average of $3.60. The company’s market capitalization is $678.39 million. Calfrac Well Services has a 12-month low of $2.23 and a 12-month high of $5.34.

COPYRIGHT VIOLATION WARNING: “Calfrac Well Services Ltd (CFW) Price Target Increased to C$6.00 by Analysts at BMO Capital Markets” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/27/calfrac-well-services-ltd-cfw-price-target-increased-to-c6-00-by-analysts-at-bmo-capital-markets.html.

In other Calfrac Well Services news, insider Wilks Brothers, Llc purchased 754,300 shares of the company’s stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of C$3.37 per share, with a total value of C$2,541,991.00. Also, insider Dan Wilks purchased 2,094,577 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of C$3.42 per share, for a total transaction of C$7,163,453.34. Over the last three months, insiders acquired 6,441,977 shares of company stock worth $24,284,660.

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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

Receive News & Ratings for Calfrac Well Services Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services Ltd and related companies with MarketBeat.com's FREE daily email newsletter.