Calfrac Well Services Ltd Has Another Very Strong Trading Session

 Calfrac Well Services Ltd Has Another Very Strong Trading Session

The stock of Calfrac Well Services Ltd (TSE:CFW) is a huge mover today! About 837,250 shares traded hands or 29.56% up from the average. Calfrac Well Services Ltd (TSE:CFW) has risen 94.85% since April 11, 2016 and is uptrending. It has outperformed by 90.93% the S&P500.
The move comes after 6 months positive chart setup for the $335.34M company. It was reported on Nov, 15 by Barchart.com. We have $5.29 PT which if reached, will make TSE:CFW worth $305.16 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 28.16% above today’s ($2.77) stock price. Calfrac Well Services Ltd. has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. TD Securities maintained Calfrac Well Services Ltd (TSE:CFW) rating on Friday, October 28. TD Securities has “Hold” rating and $3 price target. As per Thursday, February 25, the company rating was downgraded by Paradigm Research. The rating was maintained by RBC Capital Markets on Friday, April 29 with “Sector Perform”. IBC downgraded the stock to “Sector Performer” rating in Tuesday, February 9 report. The stock of Calfrac Well Services Ltd (TSE:CFW) earned “Neutral” rating by JP Morgan on Wednesday, August 26. Scotia Capital upgraded Calfrac Well Services Ltd (TSE:CFW) on Tuesday, July 21 to “Sector Perform” rating. The company was downgraded on Tuesday, January 12 by Simmons & Co. TD Securities downgraded the shares of CFW in a report on Wednesday, January 6 to “Hold” rating. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Underperform”. Cowen & Co downgraded Calfrac Well Services Ltd (TSE:CFW) on Thursday, October 15 to “Market Perform” rating.

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 $335.34 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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