Calfrac Well Services (TSE:CFW) Hits New 1-Year High - Time to Buy?

Key Points

• 52-week high: Calfrac's shares reached a new 52-week high of C$6.80 intraday and last traded at C$6.73 on a volume of 54,266 shares.
• Analyst sentiment: Royal Bank of Canada raised its target to C$7.00 and ATB Cormark upgraded to "moderate buy," leaving an average MarketBeat rating of Moderate Buy with an average price target of C$7.00.
• Fundamentals and insider activity: the company has a market cap of C$672.14M and a P/E of 19.8 with recent quarterly EPS of C$0.06 on C$292.2M revenue, while an insider sold 20,000 shares (a 96.7% reduction) though insiders still own 46.88% of the stock.

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$6.80 and last traded at C$6.73, with a volume of 54266 shares changing hands. The stock had previously closed at C$6.69.

Analyst Ratings Changes

CFW has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on shares of Calfrac Well Services from C$5.50 to C$7.00 and gave the company a "sector perform" rating in a report on Monday, March 23rd. ATB Cormark Capital Markets upgraded Calfrac Well Services from a "hold" rating to a "moderate buy" rating and lifted their price objective for the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Calfrac Well Services currently has an average rating of "Moderate Buy" and an average price target of C$7.00.

Calfrac Well Services Trading Up 0.6%

The stock has a market cap of C$672.14 million, a PE ratio of 19.79, a PEG ratio of -0.30 and a beta of -0.25. The business has a 50-day moving average of C$5.64 and a 200 day moving average of C$4.33. 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 (TSE:CFW - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$292.18 million during the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%. Equities research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Insider Buying and Selling

In other Calfrac Well Services news, insider Mark Ryan Ellingson sold 20,000 shares of Calfrac Well Services stock in a transaction that occurred 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 completion of the sale, the insider directly owned 683 shares of the company's stock, valued at approximately C$4,535.12. The trade was a 96.70% decrease in their position. 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.

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