Calfrac Well Services (TSE:CFW) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Shares of Calfrac Well Services crossed above its 200-day moving average (200‑day MA C$4.67), trading as high as C$5.27 and last at C$5.18 on volume of 41,814.
• Analysts have raised ratings and targets—RBC bumped its target to C$7.50 and ATB Cormark upgraded to a "moderate buy" with a C$7.00 target—resulting in an average price target of C$7.25 and an average rating of "Moderate Buy."
• The company has a market cap of about C$520M and a P/E of 15.24 with recent quarterly EPS of C$0.06, while insiders own 46.88% of shares and one insider sold 20,000 shares in late March.

Shares of Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.67 and traded as high as C$5.27. Calfrac Well Services shares last traded at C$5.18, with a volume of 41,814 shares.

Analysts Set New Price Targets

CFW has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on shares of Calfrac Well Services from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a report on Tuesday, April 14th. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and boosted their price target for the company from C$5.25 to C$7.00 in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$7.25.

Calfrac Well Services Stock Performance

The company has a debt-to-equity ratio of 33.41, a quick ratio of 1.33 and a current ratio of 1.77. The firm has a market cap of C$519.98 million, a P/E ratio of 15.24, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21. The firm's fifty day moving average price is C$5.76 and its 200 day moving average price is C$4.67.

Calfrac Well Services (TSE:CFW - Get Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported C$0.06 EPS for the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. The business had revenue of C$292.18 million during the quarter. Sell-side analysts expect that Calfrac Well Services Ltd. 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 firm's stock in a transaction dated 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 directly owned 683 shares in the company, valued at approximately C$4,535.12. This trade represents 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.

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