Is Calfrac Well Services Ltd a Buy? The Stock Rises Again

 Is Calfrac Well Services Ltd a Buy? The Stock Rises Again

The stock of Calfrac Well Services Ltd (TSE:CFW) is a huge mover today! About 111,000 shares traded hands. Calfrac Well Services Ltd (TSE:CFW) has risen 53.23% since April 26, 2016 and is uptrending. It has outperformed by 48.00% the S&P500.
The move comes after 9 months positive chart setup for the $350.33M company. It was reported on Nov, 30 by Barchart.com. We have $3.37 PT which if reached, will make TSE:CFW worth $21.02 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 $3.63 average target is 14.15% above today’s ($3.18) stock price. Calfrac Well Services Ltd. has been the topic of 55 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, November 24 by TD Securities. The firm has “Market Perform” rating by Cowen & Co given on Thursday, October 15. Scotia Capital maintained Calfrac Well Services Ltd (TSE:CFW) rating on Friday, July 29. Scotia Capital has “Underperform” rating and $3 price target. The rating was downgraded by Simmons & Co to “Neutral” on Tuesday, January 12. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, April 29. The rating was maintained by JP Morgan with “Neutral” on Wednesday, August 26. The stock of Calfrac Well Services Ltd (TSE:CFW) earned “Sector Perform” rating by RBC Capital Markets on Monday, October 5. The company was downgraded on Thursday, February 25 by Paradigm Research. IBC maintained the stock with “Outperform” rating in Tuesday, August 25 report. The stock of Calfrac Well Services Ltd (TSE:CFW) earned “Underperform” rating by Scotia Capital on Friday, October 28.

Calfrac Well Services Ltd. is a provider of specialized oilfield services. The company has a market cap of $350.33 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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