Calfrac Well Services (TSE:CFW) Price Target Raised to C$7.50 at Royal Bank Of Canada

Calfrac Well Services (TSE:CFW) had its target price lifted by Royal Bank Of Canada from C$7.00 to C$7.50 in a research note published on Tuesday 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 price objective for the company from C$5.25 to C$7.00 in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$7.25.

Calfrac Well Services Price Performance

Shares of CFW opened at C$5.80 on Tuesday. The firm has a market cap of C$579.26 million, a PE ratio of 17.06, a PEG ratio of -0.30 and a beta of -0.25. The firm’s 50 day moving average price is C$5.78 and its 200 day moving average price is C$4.45. 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 twelve month low of C$3.02 and a twelve month high of C$6.80.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings data 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 for the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. As a group, research analysts expect that Calfrac Well Services will post 0.3798828 EPS for the current fiscal year.

Insider Activity at Calfrac Well Services

In other news, insider Mark Ryan Ellingson sold 20,000 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of C$6.64, for a total value of C$132,800.00. Following the sale, the insider owned 683 shares in the company, valued at approximately C$4,535.12. The trade was a 96.70% decrease in their position. Corporate insiders own 46.88% of the company’s stock.

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.