Calfrac Well Services (TSE:CFW) Price Target Raised to C$7.50

Calfrac Well Services (TSE:CFW – Free Report) had its price target raised by ATB Cormark Capital Markets from C$7.25 to C$7.50 in a report published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Royal Bank Of Canada boosted their target price on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Calfrac Well Services has an average rating of “Moderate Buy” and an average price target of C$7.75.

Get Calfrac Well Services alerts:

View Our Latest Analysis on Calfrac Well Services

Calfrac Well Services Price Performance

Shares of TSE CFW opened at C$5.81 on Wednesday. Calfrac Well Services has a twelve month low of C$3.02 and a twelve month high of C$6.80. The firm has a fifty day simple moving average of C$5.76 and a 200 day simple moving average of C$4.76. The company has a market capitalization of C$583.23 million, a PE ratio of 17.09, a P/E/G ratio of -0.30 and a beta of -0.21. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17.

Calfrac Well Services (TSE:CFW – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share for the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. The firm had revenue of C$305.37 million during the quarter. On average, sell-side analysts forecast that Calfrac Well Services will post 0.3798828 EPS for the current year.

Insider Transactions at Calfrac Well Services

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

Calfrac Well Services Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Calfrac Well Services
• Viking Sails to All-Time Highs—Fundamentals Signal More to Come
• Datavalut Gains Traction: 5 Reasons to Sell Now
• TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
• The Power Grid Is Dying—Is It Time to Buy Its Replacement?

Receive News & Ratings for Calfrac Well Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calfrac Well Services and related companies with MarketBeat.com's FREE daily email newsletter.