Calfrac Well Services (TSE:CFW) Rating Increased to Outperform at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Calfrac Well Services (TSE:CFW) from a sector perform rating to an outperform rating in a research note published on Friday morning,BayStreet.CA reports. The firm currently has C$7.00 target price on the stock, up from their prior target price of C$5.25.

Calfrac Well Services Price Performance

Shares of TSE:CFW opened at C$5.94 on Friday. The firm has a 50 day moving average of C$5.29 and a 200-day moving average of C$4.07. Calfrac Well Services has a 12 month low of C$2.98 and a 12 month high of C$5.99. The company has a current ratio of 0.93, a quick ratio of 1.33 and a debt-to-equity ratio of 49.44. The stock has a market capitalization of C$587.47 million, a PE ratio of 25.25, a PEG ratio of -0.30 and a beta of 0.23.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings results on Thursday, March 19th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$292.18 million for the quarter. Calfrac Well Services had a net margin of 1.37% and a return on equity of 3.06%. On average, equities research analysts predict that Calfrac Well Services will post 0.3798828 EPS for the current fiscal year.

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.