Calfrac Well Services (OTCMKTS:CFWFF)‘s stock had its “underperform” rating reiterated by stock analysts at Raymond James in a report released on Friday, The Fly reports. They presently have a $0.08 price target on the stock. Raymond James’ price target would suggest a potential downside of 26.27% from the company’s current price.
Separately, Canaccord Genuity lowered Calfrac Well Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 27th. Five equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of $0.19.
Shares of OTCMKTS:CFWFF opened at $0.11 on Friday. The company has a 50 day moving average price of $0.13 and a 200 day moving average price of $0.32. Calfrac Well Services has a 1-year low of $0.08 and a 1-year high of $1.42.
About Calfrac Well Services
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, Russia, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.
Recommended Story: Why investors pay attention to retained earnings
Receive News & Ratings for Calfrac Well Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services and related companies with MarketBeat.com's FREE daily email newsletter.