Calfrac Well Services Ltd. (TSE:CFW – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.90 and traded as high as C$3.90. Calfrac Well Services shares last traded at C$3.87, with a volume of 134,300 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Atb Cap Markets upgraded Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$5.00.
View Our Latest Stock Analysis on Calfrac Well Services
Calfrac Well Services Stock Down 0.5 %
Insiders Place Their Bets
In other Calfrac Well Services news, Director Charles Pellerin purchased 142,700 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was purchased at an average price of C$3.85 per share, for a total transaction of C$549,395.00. Corporate insiders own 46.88% of the company’s stock.
About Calfrac Well Services
Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other well completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.
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