Calfrac Well Services (TSE:CFW) PT Lowered to C$6.00 at Royal Bank of Canada

Calfrac Well Services (TSE:CFW) had its price objective cut by Royal Bank of Canada from C$10.00 to C$6.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Canaccord Genuity reiterated a buy rating and issued a $7.50 target price on shares of in a report on Tuesday, July 9th. Raymond James reiterated a buy rating and issued a $21.00 target price on shares of Colfax in a report on Thursday, May 2nd. Cormark dropped their target price on shares of Trican Well Service from C$3.50 to C$1.75 in a report on Wednesday, May 8th. National Bank Financial downgraded shares of Calfrac Well Services from an outperform market weight rating to a sector perform overweight rating in a report on Wednesday, May 1st. Finally, AltaCorp Capital downgraded shares of Calfrac Well Services from a sector perform rating to an underperform rating in a report on Monday, July 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of C$4.66.

TSE CFW opened at C$2.03 on Thursday. The company has a debt-to-equity ratio of 205.83, a current ratio of 2.10 and a quick ratio of 1.48. The stock has a 50 day simple moving average of C$2.02. Calfrac Well Services has a 12 month low of C$1.69 and a 12 month high of C$5.66. The company has a market cap of $293.51 million and a P/E ratio of -5.02.

Calfrac Well Services (TSE:CFW) last released its earnings results on Wednesday, May 1st. The company reported C($0.24) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.19). The company had revenue of C$475.01 million for the quarter, compared to analyst estimates of C$493.33 million. As a group, analysts forecast that Calfrac Well Services will post 0.05 EPS for the current year.

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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