Calfrac Well Services Ltd (TSE:CFW) had its target price hoisted by Scotiabank from C$5.00 to C$6.00 in a note issued to investors on Thursday, July 27th. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 78.04% from the company’s current price.
Other analysts also recently issued research reports about the company. CIBC cut their target price on Calfrac Well Services from C$5.75 to C$4.00 in a research note on Thursday, July 20th. Canaccord Genuity cut their target price on Calfrac Well Services from C$4.00 to C$3.00 in a research note on Tuesday, July 11th. GMP Securities lifted their target price on Calfrac Well Services from C$3.00 to C$4.00 in a research note on Thursday, July 27th. BMO Capital Markets cut their target price on Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating on the stock in a research note on Thursday, July 27th. Finally, National Bank Financial lifted their target price on Calfrac Well Services from C$4.25 to C$5.75 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$4.77.
Calfrac Well Services (CFW) traded down 2.32% on Thursday, hitting $3.37. The stock had a trading volume of 262,988 shares. The company’s 50 day moving average price is $2.87 and its 200-day moving average price is $3.53. Calfrac Well Services has a 12-month low of $2.23 and a 12-month high of $5.34. The company’s market cap is $460.92 million.
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In related news, insider Wilks Brothers, Llc bought 754,300 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average cost of C$3.37 per share, for a total transaction of C$2,541,991.00.
About Calfrac Well Services
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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