Royal Bank Of Canada Boosts Calfrac Well Services (TSE:CFW) Price Target to C$7.00

Calfrac Well Services (TSE:CFW) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from C$5.50 to C$7.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 10.24% from the stock’s current price.

Separately, ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$5.25 to C$7.00 in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.00.

Calfrac Well Services Trading Up 6.9%

Shares of TSE CFW traded up C$0.41 during midday trading on Monday, reaching C$6.35. The stock had a trading volume of 597,395 shares, compared to its average volume of 177,320. The firm has a market cap of C$628.02 million, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of -0.30 and a beta of 0.23. Calfrac Well Services has a twelve month low of C$2.98 and a twelve month high of C$6.48. The company has a debt-to-equity ratio of 33.41, a quick ratio of 1.33 and a current ratio of 1.77. The company’s 50 day moving average price is C$5.29 and its 200 day moving average price is C$4.08.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings data on Thursday, March 19th. The company reported C$0.06 earnings per share for the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. The company had revenue of C$292.18 million during the quarter. As a group, sell-side analysts expect that Calfrac Well Services will post 0.3798828 EPS for the current 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.