Calfrac Well Services (CFW) Lowered to Hold at Canaccord Genuity

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

CFW has been the subject of several other reports. CIBC decreased their price objective on shares of Calfrac Well Services from C$8.50 to C$6.50 in a research note on Tuesday. National Bank Financial decreased their target price 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 note on Wednesday, September 26th. Royal Bank of Canada decreased their target price 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 note on Thursday, July 26th. BMO Capital Markets decreased their target price on shares of Calfrac Well Services from C$8.00 to C$6.50 in a research note on Thursday, July 26th. Finally, Raymond James upped their target price 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 note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Calfrac Well Services presently has an average rating of Hold and a consensus price target of C$7.04.

CFW opened at C$4.07 on Tuesday. Calfrac Well Services has a 52-week low of C$3.88 and a 52-week high of C$8.35.

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

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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Analyst Recommendations for Calfrac Well Services (TSE:CFW)

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