Calfrac Well Services (TSE:CFW) had its price objective lowered by equities researchers at National Bank Financial from C$4.85 to C$4.35 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 21.51% from the company’s current price.
A number of other research firms have also weighed in on CFW. Raymond James raised Calfrac Well Services from an “outperform” rating to a “strong-buy” rating in a research report on Friday, January 18th. Canaccord Genuity cut their price objective on Calfrac Well Services from C$4.00 to C$3.25 in a research report on Thursday, January 10th. GMP Securities reaffirmed an “average” rating and set a C$5.00 price objective on shares of Calfrac Well Services in a research report on Tuesday, January 8th. Evercore ISI cut their price objective on Calfrac Well Services from C$8.00 to C$5.00 in a research report on Wednesday, December 19th. Finally, Royal Bank of Canada upped their price objective on Calfrac Well Services from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Calfrac Well Services has a consensus rating of “Buy” and a consensus price target of C$6.03.
Shares of Calfrac Well Services stock traded up C$0.16 during trading hours on Friday, reaching C$3.58. 485,940 shares of the company were exchanged, compared to its average volume of 361,463. Calfrac Well Services has a 1 year low of C$2.03 and a 1 year high of C$8.35. The company has a current ratio of 2.38, a quick ratio of 1.76 and a debt-to-equity ratio of 197.07. The firm has a market capitalization of $512.82 million and a P/E ratio of 23.10.
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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