Calfrac Well Services (TSE:CFW) Stock Price Expected to Rise, ATB Capital Analyst Says

Calfrac Well Services (TSE:CFW) had its price objective upped by equities researchers at ATB Capital from C$4.25 to C$5.25 in a report released on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. ATB Capital’s target price would indicate a potential upside of 5.63% from the company’s current price.

Calfrac Well Services Stock Up 0.4%

Shares of CFW traded up C$0.02 during midday trading on Monday, reaching C$4.97. The stock had a trading volume of 234,207 shares, compared to its average volume of 198,507. The company has a market cap of C$491.54 million, a price-to-earnings ratio of 21.13, a PEG ratio of -0.30 and a beta of 0.26. The company’s fifty day simple moving average is C$3.70 and its two-hundred day simple moving average is C$3.52. Calfrac Well Services has a 1-year low of C$2.98 and a 1-year high of C$5.22. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33.

Calfrac Well Services (TSE:CFW) last posted its earnings results on Friday, November 14th. The company reported C$0.05 EPS for the quarter. The firm had revenue of C$323.41 million for the quarter. Calfrac Well Services had a return on equity of 4.42% and a net margin of 1.74%. Equities research analysts expect that Calfrac Well Services will post 0.3798828 earnings per share for the current year.

About Calfrac Well Services

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.