Calfrac Well Services (CFW) Price Target Raised to C$9.00 at Royal Bank of Canada

Calfrac Well Services (TSE:CFW) had its price objective increased by Royal Bank of Canada from C$8.00 to C$9.00 in a report issued on Friday morning. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Evercore ISI upped their target price on Calfrac Well Services from C$7.00 to C$8.00 in a research report on Friday, October 26th. Evercore upped their target price on Calfrac Well Services from C$7.00 to C$8.00 in a research report on Friday, October 26th. GMP Securities upped their target price on Calfrac Well Services from C$8.00 to C$9.00 in a research report on Friday, October 26th. Canaccord Genuity dropped their target price on Calfrac Well Services from C$7.75 to C$7.00 in a research report on Friday, August 17th. Finally, BMO Capital Markets dropped their target price on Calfrac Well Services from C$8.00 to C$6.50 in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Calfrac Well Services currently has an average rating of Buy and a consensus target price of C$7.49.

Shares of CFW stock traded down C$0.11 during trading hours on Friday, reaching C$3.94. 689,800 shares of the company’s stock were exchanged, compared to its average volume of 592,723. Calfrac Well Services has a 1 year low of C$3.59 and a 1 year high of C$8.35. The company has a debt-to-equity ratio of 207.25, a quick ratio of 1.67 and a current ratio of 2.43.

About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. 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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Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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