Calfrac Well Services Ltd (TSE:CFW) had its target price lifted by equities research analysts at National Bank Financial from C$5.75 to C$6.50 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 68.83% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Royal Bank Of Canada boosted their price target on Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, August 25th. Scotiabank boosted their price target on Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. GMP Securities boosted their price target on Calfrac Well Services from C$3.00 to C$4.00 in a research note on Thursday, July 27th. Canaccord Genuity boosted their price target on Calfrac Well Services from C$3.00 to C$4.25 in a research note on Thursday, July 27th. Finally, BMO Capital Markets dropped their price target on Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating for the company in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$4.90.

Shares of Calfrac Well Services (CFW) opened at 3.85 on Tuesday. Calfrac Well Services has a 12-month low of $2.23 and a 12-month high of $5.34. The company’s market cap is $526.57 million. The stock has a 50 day moving average of $3.40 and a 200 day moving average of $3.34.

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In other Calfrac Well Services news, insider Dan Wilks bought 2,094,577 shares of the stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average price of C$3.42 per share, with a total value of C$7,163,453.34. Also, insider Wilks Brothers, Llc bought 754,300 shares of the stock in a transaction on Friday, August 4th. The shares were acquired at an average cost of C$3.37 per share, with a total value of C$2,541,991.00. In the last three months, insiders have acquired 3,428,277 shares of company stock valued at $11,711,889.

Calfrac Well Services Company Profile

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.

Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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