Is Buying Calfrac Well Services Ltd Here a Winning Strategy?

 Is Buying Calfrac Well Services Ltd Here a Winning Strategy?

The stock of Calfrac Well Services Ltd (TSE:CFW) is a huge mover today! About 103,934 shares traded hands. Calfrac Well Services Ltd (TSE:CFW) has risen 80.88% since March 31, 2016 and is uptrending. It has outperformed by 79.79% the S&P500.
The move comes after 5 months positive chart setup for the $271.44 million company. It was reported on Nov, 4 by Barchart.com. We have $3.83 PT which if reached, will make TSE:CFW worth $146.58 million more.

Calfrac Well Services Ltd (TSE:CFW) Ratings Coverage

Out of 10 analysts covering Calfrac Well Services Ltd. (TSE:CFW), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. $10 is the highest target while $1.25 is the lowest. The $3.55 average target is 42.57% above today’s ($2.49) stock price. Calfrac Well Services Ltd. has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, October 28 by TD Securities. As per Tuesday, February 9, the company rating was downgraded by IBC. The company was maintained on Friday, April 29 by RBC Capital Markets. The firm has “Neutral” rating by Simmons & Co given on Tuesday, January 12. The firm has “Sector Perform” rating given on Tuesday, July 21 by Scotia Capital. The company was downgraded on Monday, October 5 by RBC Capital Markets. IBC maintained the shares of CFW in a report on Tuesday, August 25 with “Outperform” rating. The firm has “Sell” rating by Paradigm Research given on Thursday, February 25. The stock has “Underperform” rating given by Scotia Capital on Friday, October 28. The firm has “Neutral” rating given on Wednesday, August 26 by JP Morgan.

Another recent and important Calfrac Well Services Ltd (TSE:CFW) news was published by Business.Financialpost.com which published an article titled: “Why tough times for frackers could be the best time for Calgary’s Calfrac Well …” on July 29, 2015.

Calfrac Well Services Ltd. is a provider of specialized oilfield services. The company has a market cap of $271.44 million. The Firm operates through four geographical divisions: Canada, the United States, Russia and Latin America. It currently has negative earnings. The Company’s services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services.

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