Calfrac Well Services Ltd (CFW) Given Average Recommendation of “Buy” by Analysts
Shares of Calfrac Well Services Ltd (TSE:CFW) have been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$6.50.
A number of research firms recently issued reports on CFW. TD Securities raised their price target on Calfrac Well Services from C$6.00 to C$7.00 and gave the stock a “buy” rating in a report on Friday, October 27th. BMO Capital Markets raised their price target on Calfrac Well Services from C$4.50 to C$6.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. National Bank Financial raised their price target 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. CIBC raised their price target on Calfrac Well Services from C$4.50 to C$6.75 in a report on Friday, October 20th. Finally, Scotiabank reissued a “sector perform” rating and set a C$7.75 price target on shares of Calfrac Well Services in a report on Thursday, December 7th.
In other Calfrac Well Services news, insider James Michael Brown sold 10,000 shares of Calfrac Well Services stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of C$3.98, for a total value of C$39,800.00. Also, insider Dan Wilks acquired 566,000 shares of the stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of C$5.78 per share, for a total transaction of C$3,271,480.00. In the last ninety days, insiders acquired 1,990,500 shares of company stock worth $11,369,345 and sold 1,010,700 shares worth $6,113,734.
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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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