Calfrac Well Services (CFW), the Materials sector company, was revisited by a Wall Street analyst today. GMP FirstEnergy’s analyst Ian Gillies reiterates their Buy rating on the shares, with a C$5 price target.
According to TipRanks.com, Gillies is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.1% and a 30.6% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Inter Pipeline Ltd.
Calfrac Well Services has an analyst consensus of Moderate Buy, with a price target consensus of C$6.29, representing a 135.6% upside. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$10 price target.
.
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 Tuesday at C$2.66, close to its 52-week low of C$2.03.
