ATB Capital Forecasts Strong Price Appreciation for Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services (TSE:CFW) had its price objective upped by ATB Capital from C$4.25 to C$5.25 in a report released on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Capital’s price target suggests a potential upside of 5.00% from the company’s current price.

Calfrac Well Services Stock Performance

Shares of TSE CFW opened at C$5.00 on Monday. The company has a market cap of C$494.51 million, a PE ratio of 21.26, a price-to-earnings-growth ratio of -0.30 and a beta of 0.26. Calfrac Well Services has a 12 month low of C$2.98 and a 12 month high of C$5.22. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. The company has a 50-day simple moving average of C$3.77 and a 200-day simple moving average of C$3.54.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Friday, November 14th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$323.41 million for the quarter. Calfrac Well Services had a net margin of 1.74% and a return on equity of 4.42%. On average, equities analysts anticipate that Calfrac Well Services will post 0.3798828 earnings per share for the current 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.