Calfrac Well Services (TSE:CFW) had its target price cut by analysts at Canaccord Genuity from C$8.50 to C$8.00 in a research note issued to investors on Wednesday. Canaccord Genuity’s price target suggests a potential upside of 28.62% from the stock’s current price.
Several other analysts have also recently weighed in on the company. Raymond James Financial lifted their price objective on Calfrac Well Services from C$8.50 to C$10.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. CIBC raised Calfrac Well Services from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$6.75 to C$9.50 in a research report on Tuesday, January 23rd. Evercore Partners lifted their target price on shares of Calfrac Well Services from C$7.00 to C$8.00 and gave the company an “outperform” rating in a report on Tuesday, March 6th. National Bank Financial lowered shares of Calfrac Well Services from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$7.50 to C$7.00 in a report on Friday, March 2nd. Finally, Scotiabank upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$8.50 to C$10.00 in a report on Friday, March 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$7.64.
Calfrac Well Services stock opened at C$6.22 on Wednesday. Calfrac Well Services has a fifty-two week low of C$2.23 and a fifty-two week high of C$7.49.
In other news, insider Scott Antony Treadwell sold 25,000 shares of Calfrac Well Services stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of C$5.65, for a total transaction of C$141,250.00.
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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, and Latin America. 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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