Calfrac Well Services (OTCMKTS:CFWFF) Price Target Cut to C$8.50

Calfrac Well Services (OTCMKTS:CFWFF – Get Rating) had its price target decreased by research analysts at Stifel Nicolaus from C$14.00 to C$8.50 in a report issued on Friday, The Fly reports.

A number of other analysts also recently weighed in on the company. BMO Capital Markets dropped their target price on Calfrac Well Services from C$8.50 to C$5.00 in a research report on Friday. Royal Bank of Canada dropped their target price on Calfrac Well Services from C$8.50 to C$8.00 in a research report on Friday.

Calfrac Well Services Stock Performance

OTCMKTS:CFWFF opened at $2.87 on Friday. The business has a 50 day moving average of $4.41 and a 200 day moving average of $4.51. Calfrac Well Services has a 1-year low of $2.87 and a 1-year high of $5.70.

About Calfrac Well Services

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Calfrac Well Services Ltd. engages in the provision of specialized oilfield services. It operates through the following segments: Canada, the United States, Russia, and Argentina. The Canada segment focuses on the provision of fracturing and coiled tubing services to a diverse group of oil and natural gas exploration and production companies operating in Alberta, northeast British Columbia, Saskatchewan, and Manitoba.