The Materials sector company, Calfrac Well Services (CFW), has received a rating update from a Wall Street analyst yesterday. Analyst Aaron Macneil from TD Securities reiterated a Buy rating, with a C$5.50 price target.
According to TipRanks.com, Macneil is ranked #4792 out of 5120 analysts.
Currently, the analyst consensus on Calfrac Well Services is a Moderate Buy with an average price target of C$6.29, which is a 133.0% upside from current levels. 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 Monday at C$2.70, close to its 52-week low of C$2.03.
