Calfrac Well Services (TSE:CFW) PT Raised to C$8.50

Calfrac Well Services (TSE:CFW) had its price objective raised by Canaccord Genuity from C$8.00 to C$8.50 in a research note published on Tuesday, February 6th.

Several other equities analysts have also weighed in on CFW. Royal Bank of Canada increased their price objective on Calfrac Well Services from C$6.00 to C$7.00 and gave the company an outperform rating in a report on Thursday, October 12th. CIBC increased their price objective on Calfrac Well Services from C$4.50 to C$6.75 in a report on Friday, October 20th. BMO Capital Markets increased their price objective on Calfrac Well Services from C$4.50 to C$6.00 and gave the company a market perform rating in a report on Friday, October 27th. TD Securities increased their target price on Calfrac Well Services from C$6.00 to C$7.00 and gave the stock a buy rating in a research report on Friday, October 27th. Finally, National Bank Financial increased their target price on Calfrac Well Services from C$6.50 to C$7.50 and gave the stock an outperform rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Calfrac Well Services has an average rating of Buy and an average price target of C$7.53.

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

In related news, Director Douglas Robert Ramsay sold 1,000,000 shares of the stock in a transaction on Thursday, November 23rd. The stock was sold at an average price of C$6.07, for a total value of C$6,070,000.00. Also, insider Dan Wilks purchased 423,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of C$5.98 per share, for a total transaction 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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