Calfrac Well Services Ltd (TSE:CFW) Price Target Increased to C$4.00 by Analysts at GMP Securities

Calfrac Well Services Ltd (TSE:CFW) had its target price lifted by GMP Securities from C$3.00 to C$4.00 in a research report issued to clients and investors on Thursday, July 27th. GMP Securities’ price target would indicate a potential upside of 15.94% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity boosted their price objective on shares of Calfrac Well Services from C$3.00 to C$4.25 in a report on Thursday, July 27th. BMO Capital Markets dropped their price objective on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating on the stock in a report on Thursday, July 27th. National Bank Financial upped 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. CIBC lowered their price target on shares of Calfrac Well Services from C$5.75 to C$4.00 in a report on Thursday, July 20th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$5.00 price target on shares of Calfrac Well Services in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Calfrac Well Services presently has an average rating of “Hold” and a consensus target price of C$4.77.

Shares of Calfrac Well Services (TSE CFW) traded up 2.99% during trading on Thursday, hitting $3.45. The stock had a trading volume of 244,686 shares. Calfrac Well Services has a 52 week low of $2.23 and a 52 week high of $5.34. The company’s market capitalization is $471.86 million. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $3.54.

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About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, and Latin America. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.