Calfrac Well Services (TSE:CFW) Stock Rating Upgraded by ATB Cormark Capital Markets

Calfrac Well Services (TSE:CFW) was upgraded by investment analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a C$7.00 target price on the stock, up from their previous target price of C$5.25. ATB Cormark Capital Markets’ price target indicates a potential upside of 17.85% from the company’s previous close.

Calfrac Well Services Trading Up 4.9%

CFW opened at C$5.94 on Friday. 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 one year low of C$2.98 and a one year high of C$5.99. The company has a market cap of C$587.47 million, a P/E ratio of 25.25, a PEG ratio of -0.30 and a beta of 0.23. The business’s 50-day simple moving average is C$5.29 and its 200-day simple moving average is C$4.08.

Calfrac Well Services (TSE:CFW) last posted its earnings results on Thursday, March 19th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$292.18 million during the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%. As a group, equities research analysts expect that Calfrac Well Services will post 0.3798828 EPS for the current fiscal 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.