Calfrac Well Services (TSE:CFW) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Calfrac Well Services Ltd. (TSE:CFW) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.85 and traded as high as C$3.87. Calfrac Well Services shares last traded at C$3.86, with a volume of 194,025 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada cut their price objective on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research note on Friday, March 14th. Finally, ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$4.50 to C$5.50 in a research report on Tuesday, December 10th.

Calfrac Well Services Trading Up 0.3 %

The firm has a market capitalization of C$330.69 million, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. The firm’s 50 day moving average is C$3.81 and its 200 day moving average is C$3.85.

Insider Activity

In other Calfrac Well Services news, Director Charles Pellerin acquired 530,400 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of C$3.60 per share, with a total value of C$1,909,440.00. Insiders have acquired 1,193,600 shares of company stock worth $4,496,821 in the last 90 days. Company insiders own 46.88% of the company’s stock.

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.