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Calfrac Well Services Ltd (2)
Symbol CFW
Shares Issued 85,796,127
Close 2024-08-02 C$ 4.09
Market Cap C$ 350,906,159
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Globe says Mackey rates Calfrac Well "sector perform"

2024-08-02 07:39 ET - In the News

The Globe and Mail reports in its Friday, Aug. 2, edition that RBC Capital analyst Keith Mackey continues to rate Calfrac Well Services "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Mackey gave his share target a 50-cent boost to $5. Analysts on average target the shares at $5.33. Mr. Mackey says in a note: "Calfrac Well Services' 2Q24 results were ahead of consensus expectations on a stronger than anticipated NAM result. We have decreased our 2024/25 EBITDA estimates by 1 per cent/5 per cent on weaker than expected 2H24 outlook." The Globe reported on June 16, 2023, and March 15, 2024, that Stifel analyst Cole Pereira continued to rate Calfrac Well "buy." The shares could then be had for $4.09 and $4.08. The Globe reported on May 9, 2024, that Mr. Pereira rated Calfrac "hold." The shares could then be had for $4.10.

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