Calfrac Well Services’ (CFW) “Buy” Rating Reaffirmed at Cormark

Cormark reiterated their buy rating on shares of Calfrac Well Services (TSE:CFW) in a report released on Friday. The brokerage currently has a C$7.50 price target on the stock.

A number of other research analysts have also commented on the company. TD Securities upped their target price on Calfrac Well Services from C$7.00 to C$8.00 and gave the company a buy rating in a research note on Friday. GMP Securities upped their target price on Calfrac Well Services from C$8.00 to C$9.00 in a research note on Friday. Evercore upped their target price on Calfrac Well Services from C$7.00 to C$8.00 in a research note on Friday. Royal Bank of Canada cut their target price on Calfrac Well Services from C$8.00 to C$7.00 and set an outperform rating for the company in a research note on Thursday, July 26th. Finally, Canaccord Genuity cut their target price on Calfrac Well Services from C$8.50 to C$7.75 in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$7.41.

Shares of CFW traded up C$0.36 during mid-day trading on Friday, hitting C$4.62. The company’s stock had a trading volume of 922,200 shares, compared to its average volume of 588,142. Calfrac Well Services has a one year low of C$3.59 and a one year high of C$8.35.



Calfrac Well Services (TSE:CFW) last posted its quarterly earnings data on Wednesday, July 25th. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.02). Calfrac Well Services had a net margin of 1.49% and a return on equity of 6.51%. The business had revenue of C$544.60 million during the quarter, compared to the consensus estimate of C$525.62 million.

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, Mexico, and Argentina. 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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Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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