Calfrac Well Services (CFW) Given New C$8.00 Price Target at Evercore ISI

Calfrac Well Services (TSE:CFW) had its price objective increased by Evercore ISI from C$7.00 to C$8.00 in a research report report published on Friday morning.

A number of other research analysts have also recently weighed in on the company. National Bank Financial dropped their price target on Calfrac Well Services from C$7.00 to C$4.85 and set a sector perform rating for the company in a research report on Wednesday, September 26th. Canaccord Genuity decreased their price objective on Calfrac Well Services from C$7.75 to C$7.00 in a research note on Friday, August 17th. CIBC decreased their price objective on Calfrac Well Services from C$8.50 to C$6.50 in a research note on Tuesday, October 16th. BMO Capital Markets decreased their price objective on Calfrac Well Services from C$8.00 to C$6.50 in a research note on Thursday, July 26th. Finally, JPMorgan Chase & Co. lowered Calfrac Well Services from a neutral rating to an underweight rating in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Calfrac Well Services has an average rating of Buy and a consensus target price of C$7.41.

Shares of CFW traded up C$0.36 during midday trading on Friday, hitting C$4.62. The stock had a trading volume of 922,200 shares, compared to its average volume of 588,142. Calfrac Well Services has a 1 year low of C$3.59 and a 1 year high of C$8.35.

Calfrac Well Services (TSE:CFW) last issued its earnings results on Wednesday, July 25th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.01 by C($0.02). Calfrac Well Services had a return on equity of 6.51% and a net margin of 1.49%. The business had revenue of C$544.60 million for 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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