CIBC Lowers Calfrac Well Services Ltd (TSE:CFW) Price Target to C$4.00

Calfrac Well Services Ltd (TSE:CFW) had its target price reduced by CIBC from C$5.75 to C$4.00 in a research note published on Thursday, July 20th.

A number of other research analysts have also weighed in on CFW. Canaccord Genuity cut their price objective on Calfrac Well Services from C$4.00 to C$3.00 in a research report on Tuesday, July 11th. Scotiabank reiterated a sector perform rating and issued a C$5.00 price target on shares of Calfrac Well Services in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Calfrac Well Services presently has an average rating of Hold and an average price target of C$4.77.

Calfrac Well Services (TSE CFW) traded up 0.31% during trading on Thursday, hitting $3.28. The stock had a trading volume of 1,113,732 shares. The company has a 50-day moving average of $3.00 and a 200 day moving average of $3.45. Calfrac Well Services has a 52 week low of $2.23 and a 52 week high of $5.34. The company’s market cap is $448.61 million.

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In related news, insider Wilks Brothers, Llc purchased 754,300 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was purchased at an average price 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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