Calfrac Well Services (OTCMKTS:CFWFF) Price Target Lowered to C$8.00 at Royal Bank of Canada

Calfrac Well Services (OTCMKTS:CFWFF – Get Rating) had its price objective reduced by investment analysts at Royal Bank of Canada from C$8.50 to C$8.00 in a research note issued to investors on Friday, The Fly reports.

A number of other equities research analysts also recently weighed in on CFWFF. Stifel Nicolaus upped their target price on Calfrac Well Services from C$12.00 to C$13.00 in a research report on Wednesday, November 23rd. BMO Capital Markets cut their target price on Calfrac Well Services from C$8.50 to C$5.00 in a research report on Friday.

Calfrac Well Services Stock Performance

CFWFF opened at $2.87 on Friday. Calfrac Well Services has a 1-year low of $2.87 and a 1-year high of $5.70. The business has a 50 day moving average price of $4.41 and a two-hundred day moving average price of $4.51.

About Calfrac Well Services

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Calfrac Well Services Ltd. engages in the provision of specialized oilfield services. It operates through the following segments: Canada, the United States, Russia, and Argentina. The Canada segment focuses on the provision of fracturing and coiled tubing services to a diverse group of oil and natural gas exploration and production companies operating in Alberta, northeast British Columbia, Saskatchewan, and Manitoba.