Calfrac Well Services (TSE:CFW) Reaches New 52-Week High – Here’s What Happened

Calfrac Well Services Ltd. (TSE:CFW)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$5.06 and last traded at C$5.06, with a volume of 131471 shares. The stock had previously closed at C$4.64.

Analysts Set New Price Targets

Separately, ATB Capital set a C$4.25 price objective on shares of Calfrac Well Services and gave the company a “sector perform” rating in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$4.00.

Calfrac Well Services Stock Performance

The company’s 50-day simple moving average is C$3.58 and its 200 day simple moving average is C$3.48. The stock has a market cap of C$506.37 million, a P/E ratio of 21.77, a PEG ratio of -0.30 and a beta of 0.26. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.05 EPS for the quarter. Calfrac Well Services had a return on equity of 4.42% and a net margin of 1.74%.The company had revenue of C$323.41 million during the quarter. As a group, sell-side analysts expect that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal 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.