Shares of Calfrac Well Services (CFW) were revisited by a Wall Street analyst today. Analyst Andrew Bradford from Raymond James rated Calfrac Well Services (CFW) a Buy, setting a C$7.50 price target.
According to TipRanks.com, Bradford is ranked 0 out of 5 stars with an average return of -10.1% and a 41.3% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Calfrac Well Services with a C$4.81 average price target, which is a 34.0% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$5 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.
