Calfrac Well Services (CFW) PT Raised to C$10.00 at Raymond James Financial

Calfrac Well Services (TSE:CFW) had its target price upped by investment analysts at Raymond James Financial from C$8.50 to C$10.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 50.60% from the stock’s previous close.

CFW has been the subject of several other reports. Scotiabank lowered Calfrac Well Services from an “outperform” rating to a “sector perform” rating and set a C$7.75 target price for the company. in a research note on Thursday, November 16th. Canaccord Genuity upped their target price on Calfrac Well Services from C$8.00 to C$8.50 in a research note on Tuesday, February 6th. CIBC upped their target price on Calfrac Well Services from C$4.50 to C$6.75 in a research note on Friday, October 20th. TD Securities upped their target price on Calfrac Well Services from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, National Bank Financial upped their target price on Calfrac Well Services from C$6.50 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Calfrac Well Services has an average rating of “Buy” and a consensus target price of C$7.53.

Calfrac Well Services (TSE:CFW) opened at C$6.64 on Tuesday. The company has a market capitalization of $961.01, a price-to-earnings ratio of -8.97 and a beta of 1.71. Calfrac Well Services has a 12 month low of C$2.23 and a 12 month high of C$7.49.

In other Calfrac Well Services news, Director Douglas Robert Ramsay sold 1,000,000 shares of the company’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. Also, insider Dan Wilks purchased 423,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of C$5.98 per share, with a total value of C$2,529,540.00.

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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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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