Calfrac Well Services (TSE:CFW) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Calfrac Well Services Ltd. (TSE:CFW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.39 and traded as high as C$3.39. Calfrac Well Services shares last traded at C$3.34, with a volume of 22,355 shares.

Calfrac Well Services Trading Up 0.9%

The company’s 50 day moving average price is C$3.28 and its 200 day moving average price is C$3.39. The company has a market cap of C$292.70 million, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of -0.30 and a beta of 0.26. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$323.41 million during the quarter. Calfrac Well Services had a net margin of 1.74% and a return on equity of 4.42%. Research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

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.