The Globe and Mail reports in its Friday, April 18, edition that RBC Dominion Securities analyst Keith Mackey is keeping his "sector perform" recommendation for Calfrac Well Services intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mackey cut his share target by 75 cents to $3.75. Analysts on average target the shares at $4.92. Mr. Mackey thinks the stocks of North American oil field services providers have been oversold in recent weeks as tariff and macro concerns have "taken hold." However, he notes his estimates entering the year "reflected a modest recovery into 2026," which he now thinks is less likely. He says in a note: "We are reducing our 2025 EBITDA estimates by 4 per cent and our 2026 by 11 per cent on average, based on modestly lower global rig count forecasts for 2025/26. That said, stock price moves since April 2 imply about a 13-per-cent average reduction to 2025 and 2026, signalling a potential oversold scenario for patient investors. We have not seen meaningful E&P knee-jerk budget reductions. ... We have lowered price targets for 17 stocks under coverage by an average of 16 per cent. Reductions are generally due to lower earnings estimates versus reductions in multiples."