Calfrac Well Services (TSE:CFW) PT Raised to C$13.00

Calfrac Well Services (TSE:CFWGet Rating) had its price target lifted by ATB Capital from C$11.50 to C$13.00 in a report issued on Wednesday, Marketbeat.com reports.

CFW has been the topic of a number of other research reports. Stifel Nicolaus increased their price target on Calfrac Well Services from C$12.00 to C$13.00 in a research report on Tuesday. Stifel Firstegy raised Calfrac Well Services from a hold rating to a buy rating in a report on Wednesday, November 2nd. BMO Capital Markets increased their target price on Calfrac Well Services from C$6.50 to C$8.50 in a report on Thursday, November 3rd. Royal Bank of Canada increased their target price on Calfrac Well Services from C$7.00 to C$8.00 and gave the company a sector perform rating in a report on Wednesday, September 14th. Finally, Atb Cap Markets raised Calfrac Well Services from a sector perform rating to an outperform rating in a report on Tuesday, September 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of C$10.50.

Calfrac Well Services Stock Performance

Shares of CFW stock opened at C$6.99 on Wednesday. The company has a market capitalization of C$273.02 million and a P/E ratio of -3.22. The business’s 50 day moving average is C$6.27 and its two-hundred day moving average is C$5.32. The company has a current ratio of 2.07, a quick ratio of 1.33 and a debt-to-equity ratio of 120.62. Calfrac Well Services has a 12-month low of C$4.05 and a 12-month high of C$7.90.

Insider Activity at Calfrac Well Services

In related news, insider Sime Armoyan sold 326,000 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of C$5.43, for a total value of C$1,771,060.20. Following the completion of the sale, the insider now owns 265,203 shares of the company’s stock, valued at C$1,440,768.34. In other Calfrac Well Services news, insider Sime Armoyan sold 326,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of C$5.43, for a total transaction of C$1,771,060.20. Following the completion of the sale, the insider now owns 265,203 shares of the company’s stock, valued at C$1,440,768.34. Also, insider Glendon Capital Management L.P. sold 100,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of C$5.67, for a total value of C$567,000.00. Following the sale, the insider now directly owns 234,124 shares of the company’s stock, valued at approximately C$1,327,483.08. Over the last 90 days, insiders sold 1,731,492 shares of company stock valued at $10,894,870.

About Calfrac Well Services

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Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well stimulation services, as well as pressure pumping services to oil and natural gas industries.

Further Reading

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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