Calfrac Well Services (TSE:CFW) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Calfrac Well Services Ltd. (TSE:CFW)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.85 and traded as high as C$3.87. Calfrac Well Services shares last traded at C$3.86, with a volume of 194,025 shares trading hands.

Wall Street Analysts Forecast Growth

CFW has been the topic of a number of research reports. Royal Bank of Canada reduced their price objective on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research report on Friday, March 14th. ATB Capital raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Finally, Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

Calfrac Well Services Price Performance

The company has a market capitalization of C$325.55 million, a P/E ratio of 11.61, a P/E/G ratio of -0.30 and a beta of 1.65. The stock has a 50-day moving average price of C$3.81 and a 200-day moving average price of C$3.85. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33.

Insider Buying and Selling at Calfrac Well Services

In related news, Director Charles Pellerin bought 146,800 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average cost of C$3.85 per share, with a total value of C$565,180.00. Over the last quarter, insiders have bought 1,193,600 shares of company stock valued at $4,496,821. 46.88% of the stock is currently owned by insiders.

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.