Calfrac Well Services (TSE:CFW) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Calfrac Well Services Ltd. (TSE:CFW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.31 and traded as high as C$6.41. Calfrac Well Services shares last traded at C$6.30, with a volume of 13,519 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CFW. Royal Bank Of Canada lifted their price objective on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets upped their target price on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Calfrac Well Services has an average rating of “Moderate Buy” and a consensus target price of C$7.75.

Calfrac Well Services Stock Up 0.3%

The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. The company has a fifty day simple moving average of C$5.96 and a two-hundred day simple moving average of C$5.31. The firm has a market capitalization of C$632.97 million, a PE ratio of 13.70, a PEG ratio of -0.30 and a beta of -0.44.

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. The firm had revenue of C$305.37 million for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%. Analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Insider Activity at Calfrac Well Services

In other Calfrac Well Services news, insider Tyler Dahlseide bought 9,250 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of C$5.83 per share, with a total value of C$53,927.50. Following the transaction, the insider owned 79,774 shares of the company’s stock, valued at approximately C$465,082.42. This trade represents a 13.12% increase in their position. Also, insider Mark Ryan Ellingson sold 20,000 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of C$6.64, for a total transaction of C$132,800.00. Following the completion of the sale, the insider owned 683 shares of the company’s stock, valued at approximately C$4,535.12. This represents a 96.70% decrease in their position. Over the last quarter, insiders purchased 30,997 shares of company stock worth $186,495 and sold 20,470,344 shares worth $134,140,009. 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.