Calfrac Well Services (TSE:CFW) Price Target Cut to C$4.50 by Analysts at Royal Bank of Canada

Calfrac Well Services (TSE:CFW) had its price target decreased by Royal Bank of Canada from C$5.00 to C$4.50 in a report published on Friday,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities analysts have also issued research reports about the company. Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th.

Calfrac Well Services Stock Up 5.1 %

Calfrac Well Services stock opened at C$3.69 on Friday. Calfrac Well Services has a 12 month low of C$3.45 and a 12 month high of C$4.85. The stock has a fifty day simple moving average of C$3.83 and a two-hundred day simple moving average of C$3.86. 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 firm has a market cap of C$316.13 million, a price-to-earnings ratio of 11.27, a PEG ratio of -0.30 and a beta of 1.65.

Insider Buying and Selling at Calfrac Well Services

In other Calfrac Well Services news, Director Charles Pellerin acquired 146,800 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was purchased at an average price of C$3.85 per share, with a total value of C$565,180.00. Insiders bought a total of 663,200 shares of company stock worth $2,587,381 in the last three months. 46.88% of the stock is currently owned by company insiders.

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.