Calfrac Well Services (TSE:CFW) Upgraded at ATB Capital

ATB Capital upgraded shares of Calfrac Well Services (TSE:CFW) from a sector perform rating to an outperform rating in a research report released on Tuesday,BayStreet.CA reports. ATB Capital currently has C$5.50 target price on the stock, up from their prior target price of C$4.50.

Calfrac Well Services Stock Up 1.8 %

CFW opened at C$3.97 on Tuesday. The company has a debt-to-equity ratio of 58.76, a quick ratio of 1.33 and a current ratio of 2.31. The company has a market cap of C$340.63 million, a price-to-earnings ratio of 1.77, a PEG ratio of -0.30 and a beta of 1.65. Calfrac Well Services has a one year low of C$3.64 and a one year high of C$5.38. The business’s fifty day moving average is C$3.87 and its two-hundred day moving average is C$4.01.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C$0.19 by C($0.27). The business had revenue of C$430.11 million during the quarter, compared to analysts’ expectations of C$400.60 million. Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. Analysts anticipate that Calfrac Well Services will post 0.3798828 EPS for the current fiscal year.

Insider Activity

In related news, Director Charles Pellerin bought 41,411 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average price of C$3.65 per share, for a total transaction of C$151,150.15. Company insiders own 46.88% of the company’s stock.

About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.