Calfrac Well Services (TSE:CFW) Sets New 1-Year High – What’s Next?

Calfrac Well Services Ltd. (TSE:CFW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$5.40 and last traded at C$5.36, with a volume of 77841 shares. The stock had previously closed at C$5.21.

Analyst Ratings Changes

Separately, ATB Capital lifted their price target on shares of Calfrac Well Services from C$4.25 to C$5.25 and gave the company a “sector perform” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Calfrac Well Services has a consensus rating of “Hold” and an average price target of C$4.50.

Calfrac Well Services Trading Up 11.7%

The stock has a market cap of C$575.60 million, a price-to-earnings ratio of 24.74, a P/E/G ratio of -0.30 and a beta of 0.34. The business has a 50-day simple moving average of C$4.23 and a two-hundred day simple moving average of C$3.68. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Friday, November 14th. The company reported C$0.05 EPS for the quarter. Calfrac Well Services had a net margin of 1.74% and a return on equity of 4.42%. The business had revenue of C$323.41 million for the quarter. As a group, research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

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.