Calfrac Well Services (TSE:CFW) Hits New 52-Week High – Still a Buy?

Shares of Calfrac Well Services Ltd. (TSE:CFW) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$5.22 and last traded at C$5.16, with a volume of 3178785 shares trading hands. The stock had previously closed at C$5.05.

Wall Street Analyst Weigh In

Separately, ATB Capital lifted their target price on Calfrac Well Services from C$4.25 to C$5.25 and gave the company a “sector perform” rating in a research note on Monday, January 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$4.50.

Calfrac Well Services Trading Up 2.0%

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 stock has a 50-day simple moving average of C$4.10 and a 200 day simple moving average of C$3.64. The company has a market cap of C$509.34 million, a price-to-earnings ratio of 21.89, a PEG ratio of -0.30 and a beta of 0.26.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.05 earnings per share (EPS) for the quarter. Calfrac Well Services had a net margin of 1.74% and a return on equity of 4.42%. The company had revenue of C$323.41 million during the quarter. As a group, equities research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

About Calfrac Well Services

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.