What’s Propelling Canyon Services Group Inc to Decline So Much?

 What's Propelling Canyon Services Group Inc to Decline So Much?

The stock of Canyon Services Group Inc (TSE:FRC) is a huge mover today! About 67,511 shares traded hands. Canyon Services Group Inc (TSE:FRC) has risen 17.93% since April 19, 2016 and is uptrending. It has outperformed by 12.60% the S&P500.
The move comes after 7 months negative chart setup for the $449.63 million company. It was reported on Nov, 23 by Barchart.com. We have $5.05 PT which if reached, will make TSE:FRC worth $22.48M 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 38.16% above today’s ($5.32) stock price. Canyon Services Group Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Raymond James upgraded it to “Outperform” rating and $7.50 target price in Tuesday, September 8 report. TD Securities maintained Canyon Services Group Inc (TSE:FRC) rating on Tuesday, August 4. TD Securities has “Buy” rating and $8 price target. As per Friday, May 6, the company rating was maintained by Scotia Capital. The stock of Canyon Services Group Inc (TSE:FRC) earned “Buy” rating by TD Securities on Friday, September 9. Scotia Capital upgraded the stock to “Sector Perform” rating in Tuesday, July 21 report. IBC maintained it with “Outperform” rating and $7 target price in Tuesday, August 25 report. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, August 4.

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 $449.63 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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