Canaccord Genuity Sticks to Its Hold Rating for Calfrac Well Services (CFW)


Shares of Calfrac Well Services (CFW) were revisited by a Wall Street analyst today. Analyst Anthony Petrucci from Canaccord Genuity reiterated a Hold rating, with a C$3.75 price target.

According to TipRanks.com, Petrucci is ranked 0 out of 5 stars with an average return of -20.3% and a 19.3% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Frontera Energy Corporation, and Tamarack Valley Energy Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Calfrac Well Services with a C$4.89 average price target.

The company has a one-year high of C$8.35 and a one-year low of C$2.03. Currently, Calfrac Well Services has an average volume of 359.4K.

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 Wednesday at C$3.57.

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