Calfrac Well Services (TSE:CFW) Shares Pass Above 200 Day Moving Average of $2.08


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Calfrac Well Services Ltd. (TSE:CFW) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.08 and traded as high as C$3.90. Calfrac Well Services shares last traded at C$3.86, with a volume of 4,330 shares trading hands.

CFW has been the topic of several research analyst reports. Tudor Pickering & Holt restated a “hold” rating on shares of Calfrac Well Services in a research note on Thursday, January 14th. BMO Capital Markets cut shares of Calfrac Well Services from a “market perform” rating to an “underperform” rating in a research note on Monday, December 21st. Stifel Firstegy restated a “hold” rating on shares of Calfrac Well Services in a research note on Thursday, January 14th. Tudor Pickering restated a “hold” rating on shares of Calfrac Well Services in a research note on Thursday, January 14th. Finally, Atb Cap Markets upgraded shares of Calfrac Well Services from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, January 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Calfrac Well Services has a consensus rating of “Hold” and a consensus price target of C$3.70.

The company’s 50 day moving average price is C$4.01 and its two-hundred day moving average price is C$2.09. The company has a current ratio of 2.47, a quick ratio of 1.56 and a debt-to-equity ratio of 84.49. The stock has a market cap of C$144.39 million and a P/E ratio of -0.05.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings data on Thursday, March 4th. The company reported C($0.80) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($8.61) by C$7.81. The business had revenue of C$180.72 million during the quarter, compared to the consensus estimate of C$160.10 million. On average, sell-side analysts anticipate that Calfrac Well Services Ltd. will post -0.278553 earnings per share for the current year.

Calfrac Well Services Company Profile (TSE:CFW)

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, Russia, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well stimulation services, as well as pressure pumping services to oil and natural gas industries.

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