Calfrac Well Services (TSE:CFW) Price Target Raised to C$5.25

Calfrac Well Services (TSE:CFW) had its price target raised by ATB Capital from C$4.25 to C$5.25 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Capital’s price target indicates a potential upside of 5.63% from the company’s previous close.

Calfrac Well Services Stock Performance

TSE:CFW traded up C$0.02 during trading hours on Monday, reaching C$4.97. 234,207 shares of the company’s stock were exchanged, compared to its average volume of 198,507. 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 quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. The firm has a market capitalization of C$491.54 million, a price-to-earnings ratio of 21.13, a P/E/G ratio of -0.30 and a beta of 0.26. The company has a 50-day moving average of C$3.70 and a 200 day moving average of C$3.52.

Calfrac Well Services (TSE:CFW) last posted 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 company had revenue of C$323.41 million for the quarter. Research analysts anticipate that Calfrac Well Services 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.