Shares of Calfrac Well Services Ltd (TSE:CFW) have received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$6.42.

A number of research analysts have commented on CFW shares. Royal Bank Of Canada increased their target price on Calfrac Well Services from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Scotiabank downgraded Calfrac Well Services from an “outperform” rating to a “sector perform” rating and set a C$7.75 target price on the stock. in a report on Thursday, November 16th. CIBC increased their target price on Calfrac Well Services from C$4.50 to C$6.75 in a report on Friday, October 20th. TD Securities increased their target price on Calfrac Well Services from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, National Bank Financial increased their target price on Calfrac Well Services from C$6.50 to C$7.50 and gave the stock an “outperform” rating in a report on Friday, October 27th.

Calfrac Well Services (TSE:CFW) opened at C$5.60 on Friday. Calfrac Well Services has a 1-year low of C$2.23 and a 1-year high of C$6.51.

In related news, insider Dan Wilks purchased 423,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of C$5.98 per share, for a total transaction of C$2,529,540.00. Also, Director Douglas Robert Ramsay sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, November 23rd. The stock was sold at an average price of C$6.07, for a total value of C$6,070,000.00. In the last ninety days, insiders have acquired 4,443,500 shares of company stock worth $21,789,255 and have sold 1,010,700 shares worth $6,113,734.

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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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