Calfrac Well Services (TSE:CFW) Sets New 52-Week High – Time to Buy?

Calfrac Well Services Ltd. (TSE:CFW) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$5.40 and last traded at C$5.36, with a volume of 77841 shares. The stock had previously closed at C$5.21.

Wall Street Analysts Forecast Growth

Separately, ATB Capital increased their price target 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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$4.50.

Calfrac Well Services Trading Down 2.2%

The firm has a market cap of C$565.71 million, a PE ratio of 24.32, a P/E/G ratio of -0.30 and a beta of 0.34. The company’s fifty day moving average price is C$4.32 and its two-hundred day moving average price is C$3.71. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80.

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

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.