Calfrac Well Services - CFW Stock Forecast, Price & News

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 stimulation services, as well as pressure pumping services to oil and natural gas industries. The company was founded in 1999 and is headquartered in Calgary, Canada.

Calfrac Well Services Stock Performance

Calfrac Well Services stock remained flat at C$4.60 during trading hours on Thursday. 36,471 shares of the company's stock traded hands, compared to its average volume of 45,607. The company has a market cap of C$176.85 million and a price-to-earnings ratio of -2.12. The company has a debt-to-equity ratio of 143.97, a quick ratio of 1.14 and a current ratio of 1.90. Calfrac Well Services has a 12 month low of C$2.75 and a 12 month high of C$6.45. The business's 50-day simple moving average is C$4.66 and its 200-day simple moving average is C$4.86.

Calfrac Well Services (TSE:CFW - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported C($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.18). The company had revenue of C$318.51 million during the quarter, compared to analysts' expectations of C$316.30 million. As a group, equities research analysts anticipate that Calfrac Well Services will post 0.66 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Calfrac Well Services from C$5.50 to C$6.00 in a report on Friday, July 29th. Raymond James reduced their price target on shares of Calfrac Well Services from C$5.75 to C$5.50 and set a "market perform" rating on the stock in a report on Tuesday, May 17th. Royal Bank of Canada lifted their price target 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 Friday, July 29th. BMO Capital Markets lifted their price objective on shares of Calfrac Well Services from C$5.00 to C$6.00 in a research note on Friday, July 29th. Finally, ATB Capital lifted their price target on shares of Calfrac Well Services from C$7.00 to C$8.00 in a research note on Friday, July 29th.

Insider Buying and Selling at Calfrac Well Services

In other Calfrac Well Services news, Director Charles Pellerin purchased 32,400 shares of Calfrac Well Services stock in a transaction dated Friday, August 5th. The stock was acquired at an average price of C$4.57 per share, for a total transaction of C$148,068.00. Following the acquisition, the director now owns 242,400 shares in the company, valued at approximately C$1,107,768. In other Calfrac Well Services news, Director Charles Pellerin purchased 32,400 shares of Calfrac Well Services stock in a transaction dated Friday, August 5th. The stock was acquired at an average price of C$4.57 per share, for a total transaction of C$148,068.00. Following the acquisition, the director now owns 242,400 shares in the company, valued at approximately C$1,107,768. Also, Director Chetan Rohit Mehta purchased 10,200 shares of Calfrac Well Services stock in a transaction dated Friday, July 29th. The stock was acquired at an average price of C$4.75 per share, with a total value of C$48,438.78. Following the acquisition, the director now owns 10,200 shares in the company, valued at approximately C$48,438.78.