Shares of Calfrac Well Services Ltd. (TSE:CFW – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.88 and traded as high as C$5.23. Calfrac Well Services shares last traded at C$5.01, with a volume of 22,875 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on CFW. Royal Bank of Canada raised their price objective on Calfrac Well Services from C$5.00 to C$6.50 and gave the company a “sector perform” rating in a research note on Friday, August 11th. Stifel Nicolaus cut their price objective on Calfrac Well Services from C$8.50 to C$8.00 in a research note on Friday, August 11th.
Calfrac Well Services Price Performance
Calfrac Well Services (TSE:CFW – Get Free Report) last released its earnings results on Thursday, August 10th. The company reported C$0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.35. The firm had revenue of C$466.46 million for the quarter, compared to analyst estimates of C$425.10 million. Calfrac Well Services had a return on equity of 36.95% and a net margin of 8.72%. As a group, equities research analysts expect that Calfrac Well Services Ltd. will post 1.6509434 EPS for the current year.
Calfrac Well Services Company Profile
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, 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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