Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.85 and traded as high as C$3.87. Calfrac Well Services shares last traded at C$3.86, with a volume of 194,025 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Atb Cap Markets upgraded shares of Calfrac Well Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Royal Bank of Canada decreased their price objective on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a "sector perform" rating on the stock in a report on Friday, March 14th. Finally, ATB Capital upgraded shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th.
View Our Latest Analysis on Calfrac Well Services
Calfrac Well Services Price Performance
The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23. The stock has a market capitalization of C$326.41 million, a PE ratio of 11.64, a P/E/G ratio of -0.30 and a beta of 1.65. The company's fifty day simple moving average is C$3.81 and its two-hundred day simple moving average is C$3.85.
Insider Buying and Selling at Calfrac Well Services
In other news, Director Charles Pellerin bought 142,700 shares of Calfrac Well Services stock in a transaction on Thursday, February 6th. The shares were bought at an average cost of C$3.85 per share, for a total transaction of C$549,395.00. In the last 90 days, insiders have purchased 1,193,600 shares of company stock worth $4,496,821. 46.88% of the stock is owned by insiders.
About Calfrac Well Services
(
Get Free Report)
Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other well completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.
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