Calfrac Well Services Ltd (CFW) Price Target Cut to C$4.50 by Analysts at BMO Capital Markets

Calfrac Well Services Ltd (TSE:CFW) had its price objective cut by equities researchers at BMO Capital Markets from C$5.50 to C$4.50 in a note issued to investors on Thursday, July 27th. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 37.61% from the stock’s current price.

Several other equities research analysts also recently commented on the company. CIBC cut their price objective on Calfrac Well Services from C$5.75 to C$4.00 in a report on Thursday, July 20th. National Bank Financial increased their price objective on Calfrac Well Services from C$4.25 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Canaccord Genuity cut their price objective on Calfrac Well Services from C$4.00 to C$3.00 in a report on Tuesday, July 11th. Finally, Scotiabank restated a “sector perform” rating and issued a C$5.00 price target on shares of Calfrac Well Services in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Calfrac Well Services presently has a consensus rating of “Hold” and an average price target of C$4.77.

Calfrac Well Services (TSE CFW) remained flat at $3.27 during mid-day trading on Thursday. The company had a trading volume of 86,807 shares. The stock has a 50 day moving average price of $3.00 and a 200-day moving average price of $3.45. The firm’s market cap is $447.24 million. Calfrac Well Services has a 52 week low of $2.23 and a 52 week high of $5.34.

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In related news, insider Wilks Brothers, Llc bought 754,300 shares of Calfrac Well Services stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of C$3.37 per share, with a total value of C$2,541,991.00.

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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