Calfrac Well Services Ltd. (TSE:CFW – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.64 and traded as high as C$6.01. Calfrac Well Services shares last traded at C$5.87, with a volume of 23,705 shares changing hands.
Analysts Set New Price Targets
Several research analysts have recently weighed in on CFW shares. Stifel Nicolaus reduced their price target on shares of Calfrac Well Services from C$8.50 to C$8.00 in a report on Friday, August 11th. ATB Capital reduced their price target on shares of Calfrac Well Services from C$11.00 to C$9.00 in a report on Wednesday, July 5th. Finally, Royal Bank of Canada upped their price target on shares of Calfrac Well Services from C$5.00 to C$6.50 and gave the company a “sector perform” rating in a report on Friday, August 11th.
Calfrac Well Services Stock Performance
Calfrac Well Services (TSE:CFW – Get Free Report) last announced its quarterly earnings data on Thursday, August 10th. The company reported C$0.58 EPS for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.35. The business had revenue of C$466.46 million for the quarter, compared to analyst estimates of C$425.10 million. Calfrac Well Services had a net margin of 8.72% and a return on equity of 36.95%. As a group, equities analysts predict that Calfrac Well Services Ltd. will post 1.9520548 EPS for the current year.
Calfrac Well Services Company Profile
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.
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