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

Calfrac Well Services Ltd. (TSE:CFW) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.92 and traded as high as C$5.44. Calfrac Well Services shares last traded at C$5.37, with a volume of 6,205 shares traded.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets lifted their price target on shares of Calfrac Well Services from C$4.25 to C$5.25 and gave the stock a “sector perform” rating in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Calfrac Well Services has a consensus rating of “Hold” and an average price target of C$4.50.

Calfrac Well Services Trading Down 0.9%

The company has a debt-to-equity ratio of 49.44, a quick ratio of 1.33 and a current ratio of 0.93. The stock has a market cap of C$531.10 million, a P/E ratio of 22.83, a P/E/G ratio of -0.30 and a beta of 0.34. The company has a 50-day simple moving average of C$5.02 and a 200-day simple moving average of C$3.92.

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.