Royal Bank Of Canada Issues Positive Forecast for Calfrac Well Services (TSE:CFW) Stock Price

Calfrac Well Services (TSE:CFW) had its price objective boosted by Royal Bank Of Canada from C$5.50 to C$7.00 in a research report report published on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Separately, ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$5.25 to C$7.00 in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.00.

Calfrac Well Services Trading Up 6.4%

TSE CFW opened at C$6.32 on Monday. The company’s 50-day moving average price is C$5.33 and its 200-day moving average price is C$4.10. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 33.41. The stock has a market cap of C$625.05 million, a PE ratio of 26.87, a PEG ratio of -0.30 and a beta of 0.23. Calfrac Well Services has a 12 month low of C$2.98 and a 12 month high of C$6.48.

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