Calfrac Well Services (TSE:CFW) Sets New 12-Month High – Should You Buy?

Calfrac Well Services Ltd. (TSE:CFW)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.50 and last traded at C$6.50, with a volume of 178435 shares. The stock had previously closed at C$6.38.

Wall Street Analyst Weigh In

A number of research firms recently commented on CFW. ATB Cormark Capital Markets raised Calfrac Well Services from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$5.25 to C$7.00 in a report on Friday, March 20th. Royal Bank Of Canada raised their price target on shares of Calfrac Well Services from C$5.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$7.00.

Calfrac Well Services Stock Up 1.9%

The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 33.41. The company has a market capitalization of C$649.17 million, a price-to-earnings ratio of 19.12, a P/E/G ratio of -0.30 and a beta of 0.23. The business’s 50-day moving average is C$5.40 and its 200-day moving average is C$4.14.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Thursday, March 19th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$292.18 million for the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%. As a group, equities analysts predict that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

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.