Calfrac Well Services (TSE:CFW) Announces Earnings Results

Calfrac Well Services (TSE:CFW) released its quarterly earnings results on Tuesday. The company reported C$0.19 earnings per share (EPS) for the quarter, FiscalAI reports. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. The company had revenue of C$305.37 million during the quarter.

Calfrac Well Services Stock Up 1.5%

Shares of CFW opened at C$5.56 on Wednesday. The stock has a market cap of C$558.13 million, a price-to-earnings ratio of 16.35, a P/E/G ratio of -0.30 and a beta of -0.21. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 33.41. Calfrac Well Services has a 12 month low of C$3.02 and a 12 month high of C$6.80. The company has a 50-day moving average price of C$5.74 and a two-hundred day moving average price of C$4.72.

Insider Buying and Selling

In other Calfrac Well Services news, insider Mark Ryan Ellingson sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of C$6.64, for a total transaction of C$132,800.00. Following the completion of the transaction, the insider owned 683 shares in the company, valued at C$4,535.12. This trade represents a 96.70% decrease in their ownership of the stock. 46.88% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$5.25 to C$7.00 in a report on Friday, March 20th. Royal Bank Of Canada upped their price target on shares of Calfrac Well Services from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$7.25.

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.