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.
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.
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.
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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.
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