Canaccord Genuity Cuts Calfrac Well Services (CFW) Price Target to C$8.00

Calfrac Well Services (TSE:CFW) had its price objective decreased by Canaccord Genuity from C$8.50 to C$8.00 in a research report sent to investors on Wednesday morning.

A number of other research firms have also recently weighed in on CFW. Raymond James Financial lifted their price objective on Calfrac Well Services from C$8.50 to C$10.00 and gave the company an outperform rating in a research report on Tuesday, February 13th. National Bank Financial cut Calfrac Well Services from an outperform rating to a sector perform rating and lowered their price objective for the company from C$7.50 to C$7.00 in a research report on Friday, March 2nd. Evercore Partners lifted their price objective on Calfrac Well Services from C$7.00 to C$8.00 and gave the company an outperform rating in a research report on Tuesday, March 6th. BMO Capital Markets lifted their price objective on Calfrac Well Services from C$6.00 to C$8.00 and gave the company a market perform rating in a research report on Friday, March 2nd. Finally, CIBC raised Calfrac Well Services from a neutral rating to an outperform rating and lifted their price objective for the company from C$6.75 to C$9.50 in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of C$7.64.

How to Become a New Pot Stock Millionaire

CFW stock opened at C$6.18 on Wednesday. Calfrac Well Services has a twelve month low of C$2.23 and a twelve month high of C$7.49.



Calfrac Well Services (TSE:CFW) last posted its quarterly earnings data on Thursday, March 1st. The company reported C($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.07). Calfrac Well Services had a net margin of 1.49% and a return on equity of 6.51%. The company had revenue of C$485.46 million for the quarter, compared to analysts’ expectations of C$425.37 million.

In related news, insider Scott Antony Treadwell sold 25,000 shares of Calfrac Well Services stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of C$5.65, for a total transaction of C$141,250.00.

TRADEMARK VIOLATION WARNING: This article was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://stocknewstimes.com/2018/04/21/canaccord-genuity-cuts-calfrac-well-services-cfw-price-target-to-c8-00.html.

Calfrac Well Services Company Profile

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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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

Leave a Reply