Calfrac Well Services Ltd (TSE:CFW) Director Douglas Robert Ramsay sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, November 23rd. The stock was sold at an average price of C$6.07, for a total transaction of C$6,070,000.00.
Calfrac Well Services Ltd (CFW) opened at C$5.52 on Friday. Calfrac Well Services Ltd has a 52-week low of C$2.23 and a 52-week high of C$6.51.
CFW has been the subject of a number of research reports. National Bank Financial upped their target price on shares of Calfrac Well Services from C$5.75 to C$6.50 and gave the company an “outperform” rating in a report on Tuesday, September 5th. Raymond James Financial raised their target price on shares of 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 upgraded shares of Calfrac Well Services from a “hold” rating to a “speculative buy” rating and raised their price target for the company from C$5.50 to C$7.00 in a report on Friday, October 27th. Royal Bank Of Canada raised their price target on shares of Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a report on Friday, August 25th. Finally, BMO Capital Markets lifted their target price on shares of Calfrac Well Services from C$4.50 to C$6.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$6.42.
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Calfrac Well Services Company Profile
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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