Calfrac Well Services (TSE:CFW) Sets New 12-Month High – Should You Buy?

Shares of Calfrac Well Services Ltd. (TSE:CFW) hit a new 52-week high on Thursday . The stock traded as high as C$6.50 and last traded at C$6.50, with a volume of 178435 shares traded. The stock had previously closed at C$6.38.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. ATB Cormark Capital Markets raised Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$5.25 to C$7.00 in a research report on Friday, March 20th. Royal Bank Of Canada boosted their price target on Calfrac Well Services from C$5.50 to C$7.00 and gave the stock a “sector perform” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$7.00.

Calfrac Well Services Trading Up 1.9%

The stock’s fifty day simple moving average is C$5.40 and its 200-day simple moving average is C$4.14. The firm has a market cap of C$649.17 million, a PE ratio of 19.12, a PEG ratio of -0.30 and a beta of 0.23. The company has a debt-to-equity ratio of 33.41, a current ratio of 1.77 and a quick ratio of 1.33.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$0.06 earnings per share for the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. The firm had revenue of C$292.18 million for the quarter. On average, sell-side analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

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.