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RBC Capital Sticks to Its Buy Rating for Calfrac Well Services (CFW)


Yesterday, an analyst has provided a rating update for Calfrac Well Services (CFW). The company received a Buy rating from RBC Capital’s analyst Kurt Hallead, with a C$9 price target.

According to TipRanks.com, Hallead is a 1-star analyst with an average return of -1.0% and a 38.5% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Ncs Multistage Holdings Inc, and Baker Hughes a GE company.

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Calfrac Well Services has an analyst consensus of Moderate Buy, with a price target consensus of C$6.66, representing a 78.1% upside. In a report issued on October 25, BMO Capital also upgraded the stock to Buy with a C$6.50 price target.

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The company has a one-year high of C$8.35 and a one-year low of C$3.59. Currently, Calfrac Well Services has an average volume of 540.4K.

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 Friday at C$3.73, close to its 52-week low of C$3.59.