Calfrac Well Services (TSE:CFW) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Calfrac Well Services Ltd. (TSE:CFW) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.90 and traded as high as C$3.90. Calfrac Well Services shares last traded at C$3.87, with a volume of 134,300 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. ATB Capital raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$5.00.

Calfrac Well Services Stock Down 0.5 %

The business has a 50-day moving average price of C$3.85 and a two-hundred day moving average price of C$3.90. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. The firm has a market cap of C$331.55 million, a PE ratio of 11.82, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65.

Insider Transactions at Calfrac Well Services

In other Calfrac Well Services news, Director Charles Pellerin bought 142,700 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average price of C$3.85 per share, with a total value of C$549,395.00. 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.