Calfrac Well Services (TSE:CFW) Price Target Raised to C$8.00

Calfrac Well Services (TSE:CFW) had its target price lifted by Royal Bank Of Canada from C$7.50 to C$8.00 in a report issued on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$5.25 to C$7.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.75.

Calfrac Well Services Stock Up 0.3%

Calfrac Well Services stock opened at C$5.81 on Wednesday. The firm has a 50 day moving average price of C$5.76 and a two-hundred day moving average price of C$4.76. The firm has a market cap of C$583.23 million, a price-to-earnings ratio of 17.09, a PEG ratio of -0.30 and a beta of -0.21. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. Calfrac Well Services has a 52-week low of C$3.02 and a 52-week high of C$6.80.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 EPS for the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. The business had revenue of C$305.37 million during the quarter. Equities analysts predict that Calfrac Well Services will post 0.3798828 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tyler Dahlseide purchased 9,250 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of C$5.83 per share, with a total value of C$53,927.50. Following the transaction, the insider directly owned 79,774 shares in the company, valued at C$465,082.42. This trade represents a 13.12% increase in their ownership of the stock. Also, insider Mark Ryan Ellingson sold 20,000 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of C$6.64, for a total value of C$132,800.00. Following the completion of the transaction, the insider directly owned 683 shares of the company’s stock, valued at approximately C$4,535.12. This trade represents a 96.70% decrease in their position. Insiders own 46.88% of the company’s stock.

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.