Calfrac Well Services (TSE:CFW) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Calfrac Well Services Ltd. (TSE:CFW) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.76 and traded as high as C$5.64. Calfrac Well Services shares last traded at C$5.56, with a volume of 22,207 shares.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised their price target on shares of Calfrac Well Services from C$4.25 to C$5.25 and gave the company a “sector perform” rating in a research report on Monday, January 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$4.50.

Calfrac Well Services Stock Up 1.3%

The company has a market capitalization of C$549.89 million, a PE ratio of 23.64, a P/E/G ratio of -0.30 and a beta of 0.34. The stock’s fifty day moving average is C$4.50 and its two-hundred day moving average is C$3.76. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings data on Friday, November 14th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$323.41 million during the quarter. Calfrac Well Services had a net margin of 1.74% and a return on equity of 4.42%. As a group, analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current 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.