Calfrac Well Services Ltd (TSE:CFW) Price Target Increased to C$6.50 by Analysts at National Bank Financial

Calfrac Well Services Ltd (TSE:CFW) had its price objective boosted by National Bank Financial from C$5.75 to C$6.50 in a research report report published on Tuesday, September 5th. National Bank Financial currently has an outperform rating on the stock.

Several other research analysts have also recently commented on CFW. BMO Capital Markets lowered their target price on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a market perform rating on the stock in a report on Thursday, July 27th. Canaccord Genuity increased their price target on shares of Calfrac Well Services from C$3.00 to C$4.25 in a research report on Thursday, July 27th. GMP Securities increased their price target on shares of Calfrac Well Services from C$3.00 to C$4.00 in a research report on Thursday, July 27th. Scotiabank increased their price target on shares of Calfrac Well Services from C$5.00 to C$6.00 and gave the stock an outperform rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada increased their price target on shares of Calfrac Well Services from C$4.00 to C$5.00 and gave the stock a sector perform rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Calfrac Well Services has a consensus rating of Hold and a consensus target price of C$4.90.

Calfrac Well Services (TSE:CFW) traded down 0.21% during midday trading on Tuesday, reaching $4.76. The company’s stock had a trading volume of 278,688 shares. Calfrac Well Services has a 52 week low of $2.23 and a 52 week high of $5.34. The firm’s market cap is $651.03 million. The firm has a 50 day moving average price of $3.62 and a 200-day moving average price of $3.35.

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In other news, insider Dan Wilks purchased 2,094,577 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average cost of C$3.42 per share, for a total transaction of C$7,163,453.34. Also, insider Wilks Brothers, Llc purchased 754,300 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average price of C$3.37 per share, for a total transaction of C$2,541,991.00. Over the last ninety days, insiders acquired 6,440,477 shares of company stock valued at $24,281,675.

About Calfrac Well Services

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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