Calfrac Well Services (TSE:CFW) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Calfrac Well Services Ltd. (TSE:CFW) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.85 and traded as high as C$3.87. Calfrac Well Services shares last traded at C$3.86, with a volume of 194,025 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. ATB Capital raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada decreased their price objective on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Friday, March 14th.

Calfrac Well Services Stock Up 0.3 %

The firm’s 50 day moving average price is C$3.81 and its 200-day moving average price is C$3.85. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. The company has a market cap of C$330.69 million, a P/E ratio of 11.79, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65.

Insider Buying and Selling at Calfrac Well Services

In other Calfrac Well Services news, Director Charles Pellerin bought 142,700 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average cost of C$3.85 per share, with a total value of C$549,395.00. Over the last 90 days, insiders bought 1,193,600 shares of company stock valued at $4,496,821. 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.