Calfrac Well Services (TSE:CFW) Sets New 52-Week High Following Analyst Upgrade

Calfrac Well Services Ltd. (TSE:CFW) shares hit a new 52-week high on Friday after ATB Cormark Capital Markets upgraded the stock from a sector perform rating to an outperform rating. ATB Cormark Capital Markets now has a C$7.00 price target on the stock, up from their previous price target of C$5.25. Calfrac Well Services traded as high as C$5.94 and last traded at C$5.79, with a volume of 265453 shares changing hands. The stock had previously closed at C$5.66.

Calfrac Well Services Stock Up 3.4%

The company has a market capitalization of C$578.57 million, a P/E ratio of 24.87, a PEG ratio of -0.30 and a beta of 0.23. 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 50 day moving average of C$5.26 and a 200-day moving average of C$4.05.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings results on Thursday, March 19th. The company reported C$0.06 EPS for the quarter. 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. As a group, equities analysts anticipate 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.