The Globe and Mail reports in its Friday, March 14, 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 trim to $4.50. Analysts on average target the shares at $5. Mr. Mackey says in a note: "4Q24 results were below our expectations on softer North America results. From here, Calfrac is generating operational momentum in Argentina, while capital requirements from its Tier 4 upgrade program should begin to slow. Granted, NAM free cash flow looks to be turning positive, but we await margin expansion and increased FCF durability before potentially becoming more bullish." The Globe reported on Aug. 2 that Mr. Mackey had reaffirmed Calfrac Well Services at "sector perform." The shares could then be had for $4.09. The Globe reported on Dec. 11 that ATB Capital Markets analyst Waqar Syed had elevated his recommendation for Calfrac Well Services to "outperform" from "sector perform." The shares were then going for $3.84.