Calfrac Well Services (TSE:CFW) Upgraded at ATB Capital

Calfrac Well Services (TSE:CFW) was upgraded by stock analysts at ATB Capital from a “sector perform” rating to an “outperform” rating in a report released on Tuesday,BayStreet.CA reports. The firm currently has a C$5.50 price target on the stock, up from their prior price target of C$4.50. ATB Capital’s target price points to a potential upside of 41.03% from the company’s current price.

Calfrac Well Services Trading Up 1.6 %

Shares of CFW stock opened at C$3.90 on Tuesday. Calfrac Well Services has a 1-year low of C$3.64 and a 1-year high of C$5.38. The firm has a market cap of C$334.62 million, a PE ratio of 1.74, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The company has a 50-day moving average of C$3.87 and a two-hundred day moving average of C$4.01. The company has a debt-to-equity ratio of 58.76, a current ratio of 2.31 and a quick ratio of 1.33.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings results on Wednesday, November 6th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.27). Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. The firm had revenue of C$430.11 million for the quarter, compared to analyst estimates of C$400.60 million. On average, analysts predict that Calfrac Well Services will post 0.3798828 EPS for the current year.

Insider Buying and Selling at Calfrac Well Services

In other Calfrac Well Services news, Director Charles Pellerin purchased 41,411 shares of the company’s stock in a transaction on Monday, November 11th. The stock was acquired at an average price of C$3.65 per share, for a total transaction of C$151,150.15. 46.88% of the stock is currently owned by corporate insiders.

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 completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.