The Materials sector company, Calfrac Well Services (CFW), has received a rating update from a Wall Street analyst today. Raymond James’ analyst Andrew Bradford reiterates their Buy rating on the shares, with a C$9 price target.
According to TipRanks.com, Bradford is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -16.5% and a 28.6% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.
Currently, the analyst consensus on Calfrac Well Services is a Moderate Buy with an average price target of C$4.94.
Calfrac Well Services’ market cap is currently C$391.5M and has a P/E ratio of 16.9. The company has a Price to Book ratio of 0.75.
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 Thursday at C$2.83, close to its 52-week low of C$2.03.
