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

Calfrac Well Services (TSE:CFW) had its target price lifted by ATB Capital from C$4.25 to C$5.25 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Calfrac Well Services Trading Up 0.2%

TSE:CFW opened at C$5.01 on Monday. The business’s 50-day moving average is C$3.81 and its two-hundred day moving average is C$3.55. The firm has a market capitalization of C$495.49 million, a PE ratio of 21.30, a price-to-earnings-growth ratio of -0.30 and a beta of 0.26. Calfrac Well Services has a 12 month low of C$2.98 and a 12 month high of C$5.22. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33.

Calfrac Well Services (TSE:CFW) last posted its earnings results 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 return on equity of 4.42% and a net margin of 1.74%. Research analysts predict that Calfrac Well Services will post 0.3798828 earnings per share for the current fiscal 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.