Will Canyon Services Group Inc Short Squeeze Soon?

 Will Canyon Services Group Inc Short Squeeze Soon?

The stock of Canyon Services Group Inc (TSE:FRC) is a huge mover today! About 41,987 shares traded hands. Canyon Services Group Inc (TSE:FRC) has risen 46.09% since April 1, 2016 and is uptrending. It has outperformed by 44.13% the S&P500.
The move comes after 6 months negative chart setup for the $425.11M company. It was reported on Nov, 8 by Barchart.com. We have $4.46 PT which if reached, will make TSE:FRC worth $59.52M less.

Canyon Services Group Inc (TSE:FRC) Ratings Coverage

Out of 7 analysts covering Canyon Services Group Inc. (TSE:FRC), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $10.5 is the highest target while $4.50 is the lowest. The $7.35 average target is 41.62% above today’s ($5.19) stock price. Canyon Services Group Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC maintained Canyon Services Group Inc (TSE:FRC) rating on Tuesday, August 25. IBC has “Outperform” rating and $7 price target. The rating was maintained by Scotia Capital on Friday, May 6 with “Sector Perform”. Raymond James upgraded Canyon Services Group Inc (TSE:FRC) on Tuesday, September 8 to “Outperform” rating. The stock has “Buy” rating given by Canaccord Genuity on Tuesday, August 4. The stock of Canyon Services Group Inc (TSE:FRC) earned “Buy” rating by TD Securities on Friday, September 9. The stock of Canyon Services Group Inc (TSE:FRC) has “Buy” rating given on Tuesday, August 4 by TD Securities. The firm has “Sector Perform” rating given on Tuesday, July 21 by Scotia Capital.

Another recent and important Canyon Services Group Inc (TSE:FRC) news was published by Seekingalpha.com which published an article titled: “Canyon Services Group’s (CYSVF) CEO Brad Fedora on Q3 2016 Results – Earnings …” on November 05, 2016.

Canyon Services Group Inc. provides stimulation and fluid management services to gas and oil exploration and production companies operating in the Western Canadian Sedimentary Basin. The company has a market cap of $425.11 million. The Company’s divisions include Pressure Pumping Services and Fluid Management Services. It currently has negative earnings. Pressure pumping services include hydraulic fracturing, nitrogen fracturing, coiled tubing, chemical stimulation and cementing.

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