Calfrac Well Services (TSE:CFW – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported C$0.19 EPS for the quarter, FiscalAI reports. The firm had revenue of C$305.37 million during the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%.
Calfrac Well Services Stock Down 1.5%
Shares of CFW traded down C$0.08 during midday trading on Tuesday, hitting C$5.40. The company had a trading volume of 22,434 shares, compared to its average volume of 134,553. The company’s 50-day simple moving average is C$5.74 and its 200-day simple moving average is C$4.70. The company has a debt-to-equity ratio of 33.41, a quick ratio of 1.33 and a current ratio of 1.77. Calfrac Well Services has a 1 year low of C$3.02 and a 1 year high of C$6.80. The firm has a market capitalization of C$542.07 million, a P/E ratio of 15.88, a P/E/G ratio of -0.30 and a beta of -0.21.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Calfrac Well Services from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research note on Tuesday, April 14th. ATB Cormark Capital Markets raised Calfrac Well Services from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$5.25 to C$7.00 in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$7.25.
Insider Transactions at Calfrac Well Services
In other Calfrac Well Services news, insider Mark Ryan Ellingson sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 683 shares in the company, valued at C$4,535.12. The trade was a 96.70% decrease in their position. 46.88% of the stock is owned by corporate insiders.
About Calfrac Well Services
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.
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