Calfrac Well Services (CFW) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Calfrac Well Services (TSE: CFW) in the last few weeks:

  • 10/27/2017 – Calfrac Well Services had its price target raised by analysts at National Bank Financial from C$6.50 to C$7.50. They now have an “outperform” rating on the stock.
  • 10/27/2017 – Calfrac Well Services had its price target raised by analysts at TD Securities from C$6.00 to C$7.00. They now have a “buy” rating on the stock.
  • 10/27/2017 – Calfrac Well Services had its price target raised by analysts at BMO Capital Markets from C$4.50 to C$6.00. They now have a “market perform” rating on the stock.
  • 10/27/2017 – Calfrac Well Services was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “speculative buy” rating. They now have a C$7.00 price target on the stock, up previously from C$5.50.
  • 10/20/2017 – Calfrac Well Services had its price target raised by analysts at CIBC from C$4.50 to C$6.75.
  • 10/12/2017 – Calfrac Well Services had its price target raised by analysts at Royal Bank Of Canada from C$6.00 to C$7.00. They now have an “outperform” rating on the stock.
  • 9/25/2017 – Calfrac Well Services had its price target raised by analysts at Raymond James Financial, Inc. from C$5.85 to C$6.00. They now have a “strong-buy” rating on the stock.
  • 9/5/2017 – Calfrac Well Services had its price target raised by analysts at National Bank Financial from C$5.75 to C$6.50. They now have an “outperform” rating on the stock.

Shares of Calfrac Well Services Ltd (TSE:CFW) traded up 0.39% on Tuesday, hitting $5.20. The company’s stock had a trading volume of 1,219,222 shares. The firm’s market cap is $711.21 million. Calfrac Well Services Ltd has a one year low of $2.23 and a one year high of $5.34. The stock has a 50-day moving average price of $4.73 and a 200 day moving average price of $3.62.

In other news, insider Wilks Brothers, Llc purchased 754,300 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of C$3.37 per share, with a total value of C$2,541,991.00. Also, insider Dan Wilks acquired 2,094,577 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of C$3.42 per share, with a total value of C$7,163,453.34. In the last three months, insiders bought 6,441,977 shares of company stock valued at $24,284,660.

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.

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