Calfrac Well Services Ltd. (TSE:CFW - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.96 and traded as high as C$4.07. Calfrac Well Services shares last traded at C$3.99, with a volume of 143,386 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on CFW shares. Atb Cap Markets upgraded Calfrac Well Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. ATB Capital upgraded shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$5.00.
Check Out Our Latest Stock Analysis on CFW
Calfrac Well Services Trading Down 0.5 %
The firm has a market capitalization of C$340.63 million, a P/E ratio of 1.77, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The stock's 50-day simple moving average is C$3.89 and its two-hundred day simple moving average is C$3.96. The company has a debt-to-equity ratio of 58.76, a current ratio of 2.31 and a quick ratio of 1.33.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.19 by C($0.27). Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. The business had revenue of C$430.11 million during the quarter, compared to analysts' expectations of C$400.60 million. Equities research analysts expect that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.
Insiders Place Their Bets
In other Calfrac Well Services news, Director Charles Pellerin bought 41,411 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of C$3.65 per share, for a total transaction of C$151,150.15. Corporate insiders own 46.88% of the company's stock.
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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