Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.90 and traded as high as C$3.90. Calfrac Well Services shares last traded at C$3.87, with a volume of 134,300 shares traded.
Wall Street Analyst Weigh In
CFW has been the topic of several research analyst reports. ATB Capital upgraded Calfrac Well Services from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Atb Cap Markets raised 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$5.00.
Get Our Latest Stock Report on Calfrac Well Services
Calfrac Well Services Stock Performance
The stock has a market cap of C$331.55 million, a price-to-earnings ratio of 11.82, a P/E/G ratio of -0.30 and a beta of 1.65. 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 has a 50 day simple moving average of C$3.85 and a 200 day simple moving average of C$3.89.
Insider Activity at Calfrac Well Services
In other news, Director Charles Pellerin acquired 146,800 shares of Calfrac Well Services stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average price of C$3.85 per share, for a total transaction of C$565,180.00. Insiders purchased a total of 295,900 shares of company stock valued at $1,138,575 in the last quarter. 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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