Calfrac Well Services (TSE:CFW)‘s stock had its “sector perform” rating reissued by investment analysts at Scotiabank in a research report issued on Thursday. They presently have a C$7.75 target price on the stock. Scotiabank’s price target would suggest a potential upside of 38.39% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. National Bank Financial increased their price objective on shares of Calfrac Well Services from C$6.50 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, October 27th. TD Securities increased their price objective on shares of Calfrac Well Services from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. CIBC increased their price objective on shares of Calfrac Well Services from C$4.50 to C$6.75 in a research report on Friday, October 20th. Canaccord Genuity raised shares of Calfrac Well Services from a “hold” rating to a “speculative buy” rating and increased their price objective for the stock from C$5.50 to C$7.00 in a research report on Friday, October 27th. Finally, Royal Bank Of Canada increased their target price on shares of Calfrac Well Services from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a report on Friday, August 25th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Calfrac Well Services presently has a consensus rating of “Buy” and an average target price of C$6.42.

Shares of Calfrac Well Services (CFW) traded down C$0.40 during mid-day trading on Thursday, hitting C$5.60. 576,539 shares of the stock traded hands, compared to its average volume of 651,243. Calfrac Well Services has a 52 week low of C$2.23 and a 52 week high of C$6.51.

In other news, insider Wilks Brothers, Llc purchased 135,200 shares of the business’s stock in a transaction on Friday, September 8th. The stock was purchased at an average price of C$3.83 per share, for a total transaction of C$517,816.00. Also, insider James Michael Brown sold 10,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of C$3.98, for a total transaction of C$39,800.00. In the last 90 days, insiders have purchased 4,578,700 shares of company stock valued at $22,307,071 and have sold 1,010,700 shares valued at $6,113,734.

TRADEMARK VIOLATION NOTICE: “Scotiabank Reiterates Sector Perform Rating for Calfrac Well Services (CFW)” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/07/calfrac-well-services-cfw-given-a-c7-75-price-target-at-scotiabank.html.

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.