Calfrac Well Services (TSE:CFW) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.00 and traded as high as C$4.17. Calfrac Well Services shares last traded at C$3.85, with a volume of 122,203 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CFW. ATB Capital upgraded shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Atb Cap Markets upgraded shares of Calfrac Well Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Calfrac Well Services presently has a consensus rating of "Moderate Buy" and an average price target of C$5.00.

Calfrac Well Services Stock Down 0.5 %

The stock has a fifty day moving average price of C$3.88 and a 200-day moving average price of C$4.00. The company has a debt-to-equity ratio of 58.76, a quick ratio of 1.33 and a current ratio of 2.31. The firm has a market cap of C$328.61 million, a PE ratio of 1.71, a PEG ratio of -0.30 and a beta of 1.65.

Calfrac Well Services (TSE:CFW - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of C$400.60 million. Research analysts expect that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Insider Buying and Selling at Calfrac Well Services

In related news, Director Charles Pellerin purchased 41,411 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of C$3.65 per share, for a total transaction of C$151,150.15. 46.88% of the stock is currently owned by corporate insiders.

Calfrac Well Services Company Profile

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.