Calfrac Well Services (CFW) Stock Rating Lowered by Canaccord Genuity

Canaccord Genuity lowered shares of Calfrac Well Services (TSE:CFW) from a buy rating to a hold rating in a research report report published on Tuesday. The firm currently has C$4.75 price target on the stock, down from their previous price target of C$6.00.

Several other research firms have also weighed in on CFW. CIBC upgraded shares of Calfrac Well Services from a neutral rating to an outperform rating in a research report on Monday, June 18th. Raymond James increased their price target on shares of Calfrac Well Services from C$10.00 to C$10.25 and gave the company a c$5.74 rating in a research report on Wednesday, July 18th. Royal Bank of Canada reduced their price target on shares of Calfrac Well Services from C$8.00 to C$7.00 and set an outperform rating for the company in a research report on Thursday, July 26th. BMO Capital Markets reduced their price target on shares of Calfrac Well Services from C$8.00 to C$6.50 in a research report on Thursday, July 26th. Finally, National Bank Financial reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$7.04.

Shares of CFW stock opened at C$4.02 on Tuesday. Calfrac Well Services has a one year low of C$3.88 and a one year high of C$8.35.

Calfrac Well Services (TSE:CFW) last announced its earnings results on Wednesday, July 25th. The company reported C($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.01 by C($0.02). The firm had revenue of C$544.60 million during the quarter, compared to analysts’ expectations of C$525.62 million. Calfrac Well Services had a net margin of 1.49% and a return on equity of 6.51%.

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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