Calfrac Well Services (TSE:CFW) Sets New 1-Year High – Still a Buy?

Calfrac Well Services Ltd. (TSE:CFW) reached a new 52-week high during trading on Wednesday . The company traded as high as C$5.90 and last traded at C$5.80, with a volume of 11339 shares changing hands. The stock had previously closed at C$5.76.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets boosted their price target on shares of 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$4.50.

Calfrac Well Services Price Performance

The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. The company has a 50-day moving average price of C$4.88 and a two-hundred day moving average price of C$3.86. The company has a market cap of C$558.79 million, a PE ratio of 24.02, a P/E/G ratio of -0.30 and a beta of 0.34.

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.