Calfrac Well Services Ltd. (TSE:CFW - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.84 and traded as high as C$3.84. Calfrac Well Services shares last traded at C$3.84, with a volume of 137 shares.
Wall Street Analyst Weigh In
CFW has been the topic of a number of research reports. ATB Capital raised shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$4.50 to C$5.50 in a research 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 research note on Tuesday, December 10th. Finally, Royal Bank of Canada dropped their price target on Calfrac Well Services from C$5.00 to C$4.50 and set a "sector perform" rating on the stock in a research note on Friday, March 14th.
Read Our Latest Research Report on Calfrac Well Services
Calfrac Well Services Trading Down 7.4 %
The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. The company's 50-day moving average is C$3.77 and its 200 day moving average is C$3.83. The company has a market cap of C$279.29 million, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65.
Insider Activity
In related news, Director Charles Pellerin bought 186,400 shares of the business's stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of C$3.60 per share, with a total value of C$671,040.00. Also, Director Anuroop Duggal purchased 15,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of C$3.43 per share, for a total transaction of C$51,450.00. Insiders have acquired 1,395,000 shares of company stock worth $5,219,311 in the last ninety days. Company 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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