Calfrac Well Services Ltd. (TSE:CFW) target price lowered to $5.50, released a research note earlier today by Raymond James
- Updated: October 7, 2016
Raymond James reduced the price target of Calfrac Well Services Ltd. (TSE:CFW) to $5.50 indicating a possible upside of 0.67%.
Previously on 9/06/2016, RBC Capital Markets reported on Calfrac Well Services Ltd. (TSE:CFW) reduced the target price from $4.75 to $3.75. At the time, this indicated a possible upside of 0.24%.
Yesterday Calfrac Well Services Ltd. (TSE:CFW) traded -4.34% lower at $3.30. The company’s 50-day moving average is $2.99 and its 200-day moving average is $2.63. The last closing price is up 25.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 830,325 shares of the stock traded hands, up from an avg. volume of 514,694
With a total market value of $0, Calfrac Well Services Ltd. has with a 52 week low of $1.06 and a 52 week high of $4.17 .
A total of 16 analysts have released a report on Calfrac Well Services Ltd.. One analyst rating the company a strong buy, five analysts rating the company a buy, ten analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $3.23.
More About Calfrac Well Services Ltd. (TSE:CFW)
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba. The United States segment provides pressure pumping services in Arkansas, Colorado, North Dakota, Pennsylvania and Texas. The Russian segment provides fracturing and coiled tubing services in Western Siberia. The Latin America segment provides pressure pumping services from operating bases in Argentina, Mexico and Colombia. In Argentina, the Company provides fracturing, cementing and coiled tubing services to oil and natural gas companies operating in the Neuquen, Las Heras and Comodoro regions.
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