Calfrac Well Services (TSE:CFW) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Calfrac Well Services Ltd. (TSE:CFW) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.83 and traded as high as C$5.83. Calfrac Well Services shares last traded at C$5.76, with a volume of 127,514 shares traded.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised their price objective on shares of Calfrac Well Services from C$4.25 to C$5.25 and gave the stock 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 data from MarketBeat.com, Calfrac Well Services has an average rating of “Hold” and an average target price of C$4.50.

Calfrac Well Services Stock Performance

The firm has a fifty day simple moving average of C$4.79 and a 200 day simple moving average of C$3.83. 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 market cap of C$569.67 million, a price-to-earnings ratio of 24.49, a PEG ratio of -0.30 and a beta of 0.34.

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.