Analysts seem to be optimistic about Calfrac Well Services (CFW) lately, with another positive rating update this time from National Bank. Analyst Greg Colman rated Calfrac Well Services (CFW) a Buy today, setting a C$4.35 price target.
Colman has an average return of 14.3% when recommending Calfrac Well Services.
According to TipRanks.com, Colman is ranked #1706 out of 5224 analysts.
Currently, the analyst consensus on Calfrac Well Services is a Strong Buy with an average price target of C$4.81, implying a 34.0% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$7.50 price target.
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Based on Calfrac Well Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$14.88 million. In comparison, last year the company had a net profit of C$38.01 million.
Calfrac Well Services Ltd. engages in the provision of specialized oilfield services. It operates through the following segments: Canada, the United States, Russia, Latin America, and Corporate.
The company’s shares closed on Friday at C$3.59.
