Calfrac Well Services Ltd (CFW) Receives C$5.74 Average Target Price from Brokerages

Calfrac Well Services Ltd (TSE:CFW) has been assigned a consensus rating of “Buy” from the thirteen analysts that are presently covering the company, reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$5.74.

A number of research firms have issued reports on CFW. BMO Capital Markets reaffirmed a “buy” rating and set a C$5.00 price objective (down from C$6.50) on shares of Calfrac Well Services in a report on Thursday, February 28th. Raymond James raised shares of Calfrac Well Services from an “outperform” rating to a “strong-buy” rating in a report on Friday, January 18th. National Bank Financial cut their price objective on shares of Calfrac Well Services from C$4.85 to C$4.35 and set an “outperform” rating on the stock in a report on Friday, March 1st. CIBC cut their price objective on shares of Calfrac Well Services from C$6.50 to C$3.75 and set a “buy” rating on the stock in a report on Friday, February 1st. Finally, Canaccord Genuity boosted their price target on shares of Calfrac Well Services from C$3.25 to C$3.75 in a report on Wednesday, March 20th.

CFW stock traded up C$0.07 during midday trading on Thursday, reaching C$3.55. 144,757 shares of the company’s stock traded hands, compared to its average volume of 346,108. The firm has a market capitalization of $503.11 million and a PE ratio of -27.23. The company has a current ratio of 2.38, a quick ratio of 1.68 and a debt-to-equity ratio of 192.74. Calfrac Well Services has a 52 week low of C$2.03 and a 52 week high of C$8.35.

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, 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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