It Seems Calfrac Well Services Ltd Will Go Down. Have Another Big Decline

 It Seems Calfrac Well Services Ltd Will Go Down. Have Another Big Decline

The stock of Calfrac Well Services Ltd (TSE:CFW) is a huge mover today! About 47,322 shares traded hands. Calfrac Well Services Ltd (TSE:CFW) has risen 72.11% since April 21, 2016 and is uptrending. It has outperformed by 66.70% the S&P500.
The move comes after 8 months negative chart setup for the $396.53 million company. It was reported on Nov, 25 by Barchart.com. We have $2.98 PT which if reached, will make TSE:CFW worth $27.76 million less.

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. Calfrac Well Services Ltd. has been the topic of 55 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cowen & Co downgraded the stock to “Market Perform” rating in Thursday, October 15 report. The firm earned “Sector Perform” rating on Tuesday, July 21 by Scotia Capital. On Friday, April 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Sell” rating given on Thursday, February 25 by Paradigm Research. IBC maintained the shares of CFW in a report on Tuesday, August 25 with “Outperform” rating. On Wednesday, January 6 the stock rating was downgraded by TD Securities to “Hold”. JP Morgan maintained the stock with “Neutral” rating in Wednesday, August 26 report. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Underperform”. The stock of Calfrac Well Services Ltd (TSE:CFW) earned “Hold” rating by TD Securities on Friday, October 28. The firm has “Underperform” rating given on Friday, October 28 by Scotia Capital.

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 $396.53 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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