Calfrac Well Services Ltd. (TSE:CFW) had its price target lowered by RBC Capital from C$2.50 to C$2.00 in a report issued on Wednesday, ARN reports.

In other Calfrac Well Services news, Director Ronald Mathison acquired 20,000 shares of the business’s stock in a transaction dated Thursday, January 7th. The shares were acquired at an average price of C$1.94 per share, with a total value of C$38,720.00.

Calfrac Well Services (TSE:CFW) opened at 1.30 on Wednesday. Calfrac Well Services has a 52 week low of $1.11 and a 52 week high of $11.17. The firm’s market cap is $123.77 million. The stock’s 50 day moving average is $1.63 and its 200 day moving average is $3.45.

Several other equities research analysts have also recently commented on the stock. Cowen and Company cut shares of Calfrac Well Services from an outperform rating to a market perform rating and lowered their price target for the stock from C$12.00 to C$4.00 in a research report on Thursday, October 15th. Canaccord Genuity lowered their price target on shares of Calfrac Well Services from C$2.50 to C$1.80 in a research report on Monday, December 7th. Pi Financial cut shares of Calfrac Well Services from a buy rating to a neutral rating and lowered their price target for the stock from C$2.65 to C$2.00 in a research report on Friday, January 15th. Scotiabank lowered their price target on shares of Calfrac Well Services from C$7.50 to C$3.50 in a research report on Friday, October 9th. Finally, CIBC lowered their price target on shares of Calfrac Well Services from C$8.00 to C$6.00 in a research report on Wednesday, September 23rd. Twelve research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Calfrac Well Services presently has an average rating of Hold and a consensus price target of C$3.15.

Calfrac Well Services Ltd. (TSE:CFW) is a provider of specialized oilfield services. The Company operates in four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba. The United States segment provides pressure pumping services in Arkansas, Colorado, North Dakota, Pennsylvania and Texas. The Company provides fracturing services to oil and natural gas companies in the Bakken oil shale play in North Dakota and the Rockies area. The Company’s Russian segment provides fracturing and coiled tubing services in conventional plays within Western Siberia. The Latin America segment provides pressure pumping services in Argentina, Mexico and Colombia.

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