Royal Bank of Canada Cuts Calfrac Well Services (TSE:CFW) Price Target to C$4.50

Calfrac Well Services (TSE:CFWFree Report) had its target price cut by Royal Bank of Canada from C$5.00 to C$4.50 in a research note published on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

CFW has been the topic of several other research reports. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Atb Cap Markets upgraded Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

View Our Latest Analysis on Calfrac Well Services

Calfrac Well Services Price Performance

CFW stock opened at C$3.69 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. The company has a market capitalization of C$316.13 million, a PE ratio of 11.27, a P/E/G ratio of -0.30 and a beta of 1.65. Calfrac Well Services has a 12-month low of C$3.45 and a 12-month high of C$4.85. The business’s fifty day moving average price is C$3.83 and its 200 day moving average price is C$3.86.

Insiders Place Their Bets

In other Calfrac Well Services news, Director Charles Pellerin acquired 146,800 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were acquired at an average price of C$3.85 per share, for a total transaction of C$565,180.00. Insiders have purchased a total of 663,200 shares of company stock worth $2,587,381 in the last quarter. 46.88% of the stock is owned by company insiders.

About Calfrac Well Services

(Get Free Report)

Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other well completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.

Read More

Receive News & Ratings for Calfrac Well Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services and related companies with MarketBeat.com's FREE daily email newsletter.