TD Securities Increases Calfrac Well Services Ltd (TSE:CFW) Price Target to C$7.00

Calfrac Well Services Ltd (TSE:CFW) had its price target lifted by TD Securities from C$6.00 to C$7.00 in a report issued on Friday, October 27th. TD Securities currently has a buy rating on the stock.

CFW has been the subject of a number of other reports. Raymond James Financial, Inc. increased their price target on Calfrac Well Services from C$5.85 to C$6.00 and gave the company a strong-buy rating in a research report on Monday, September 25th. Canaccord Genuity decreased their price target on Calfrac Well Services from C$4.00 to C$3.00 in a research report on Tuesday, July 11th. National Bank Financial raised their target price on Calfrac Well Services from C$4.25 to C$5.75 and gave the stock an outperform rating in a research report on Wednesday, July 26th. Royal Bank of Canada raised their target price on Calfrac Well Services from C$6.00 to C$7.00 and gave the stock an outperform rating in a research report on Thursday, October 12th. Finally, CIBC raised their target price on Calfrac Well Services from C$4.50 to C$6.75 in a research report on Friday, October 20th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Calfrac Well Services currently has an average rating of Buy and an average target price of C$6.23.



Shares of Calfrac Well Services (TSE CFW) opened at C$5.95 on Friday. Calfrac Well Services has a 52-week low of C$2.23 and a 52-week high of C$6.04.

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In other Calfrac Well Services news, insider Dan Wilks acquired 2,094,577 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of C$3.42 per share, with a total value of C$7,163,453.34. Also, insider James Michael Brown sold 10,000 shares of Calfrac Well Services stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of C$3.98, for a total value of C$39,800.00. Over the last quarter, insiders bought 5,687,677 shares of company stock valued at $21,742,669.

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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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