Calfrac Well Services (TSE:CFW) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Calfrac Well Services Ltd. (TSE:CFW)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.76 and traded as high as C$5.64. Calfrac Well Services shares last traded at C$5.56, with a volume of 22,207 shares.

Analyst Ratings Changes

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

Calfrac Well Services Price Performance

The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. The business’s fifty day moving average price is C$4.50 and its 200-day moving average price is C$3.76. The stock has a market capitalization of C$549.89 million, a price-to-earnings ratio of 23.64, a PEG ratio of -0.30 and a beta of 0.34.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$323.41 million during the quarter. Calfrac Well Services had a return on equity of 4.42% and a net margin of 1.74%. On average, 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.