Calfrac Well Services (TSE:CFW) Posts Earnings Results

Calfrac Well Services (TSE:CFW) posted its quarterly earnings results on Thursday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. Calfrac Well Services had a return on equity of 3.06% and a net margin of 1.37%.The business had revenue of C$292.18 million during the quarter.

Calfrac Well Services Price Performance

Shares of CFW stock opened at C$5.94 on Friday. The company has a debt-to-equity ratio of 49.44, a current ratio of 0.93 and a quick ratio of 1.33. The company has a market capitalization of C$587.47 million, a PE ratio of 25.25, a price-to-earnings-growth ratio of -0.30 and a beta of 0.23. The firm’s 50-day moving average is C$5.29 and its two-hundred day moving average is C$4.07. Calfrac Well Services has a 12 month low of C$2.98 and a 12 month high of C$5.99.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$5.25 to C$7.00 in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.38.

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.