Calfrac Well Services (CFW) PT Raised to C$8.00

Calfrac Well Services (TSE:CFW) had its price objective hoisted by Evercore from C$7.00 to C$8.00 in a report released on Friday. Evercore’s target price suggests a potential upside of 73.16% from the stock’s previous close.

CFW has been the topic of several other research reports. Canaccord Genuity cut shares of Calfrac Well Services from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$6.00 to C$4.75 in a report on Tuesday, October 16th. National Bank Financial decreased their price target on shares of Calfrac Well Services from C$7.00 to C$4.85 and set a “sector perform” rating on the stock in a report on Wednesday, September 26th. JPMorgan Chase & Co. cut shares of Calfrac Well Services from a “neutral” rating to an “underweight” rating in a report on Thursday, October 18th. CIBC decreased their price target on shares of Calfrac Well Services from C$8.50 to C$6.50 in a report on Tuesday, October 16th. Finally, Raymond James upped their price target on shares of Calfrac Well Services from C$10.00 to C$10.25 and gave the stock a “c$5.74” rating in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$7.41.

Calfrac Well Services stock opened at C$4.62 on Friday. Calfrac Well Services has a fifty-two week low of C$3.59 and a fifty-two week high of C$8.35.



Calfrac Well Services (TSE:CFW) last released its quarterly earnings results 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). The firm had revenue of C$544.60 million during the quarter, compared to the consensus estimate of C$525.62 million. Calfrac Well Services had a return on equity of 6.51% and a net margin of 1.49%.

About Calfrac Well Services

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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