Simmons disclosed Calfrac Well Services Ltd. (TSE:CFW), stepping up its target to $5.50 earlier today
- Updated: January 11, 2017
Simmons increased the stock price target of Calfrac Well Services Ltd. (TSE:CFW) to $5.50 indicating a possible upside of 0.06%.
On Tuesday January 10, 2017, BMO Capital Markets released a statement about Calfrac Well Services Ltd. (TSE:CFW) increased the target price from $3.25 to $6.50 that suggested an upside of 0.24%.
Showing a price of $5.20, Calfrac Well Services Ltd. (TSE:CFW) traded 5.62% higher on the day. With the last closing price up 56.15% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. CFW has recorded a 50-day average of $4.08 and a two hundred day average of $3.37. Volume of trade was up over the average, with 1,212,531 shares of CFW changing hands over the typical 913,253
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 $5.27 .
In addition to Simmons reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $3.42 with 1 broker rating the stock a strong buy, 6 brokers rating the stock a buy, 11 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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