Calfrac Well Services Ltd (CFW) Insider Sells C$39,800.00 in Stock
Calfrac Well Services Ltd (TSE:CFW) insider James Michael Brown sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of C$3.98, for a total transaction of C$39,800.00.
Calfrac Well Services Ltd (TSE CFW) traded up 0.39% during mid-day trading on Tuesday, reaching $5.20. 1,219,222 shares of the company were exchanged. The company’s 50 day moving average price is $4.73 and its 200-day moving average price is $3.62. Calfrac Well Services Ltd has a 12-month low of $2.23 and a 12-month high of $5.34. The stock’s market capitalization is $711.21 million.
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Several research analysts have recently issued reports on the stock. National Bank Financial boosted their price objective on shares of Calfrac Well Services from C$6.50 to C$7.50 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity upgraded shares of Calfrac Well Services from a “hold” rating to a “speculative buy” rating and boosted their price objective for the stock from C$5.50 to C$7.00 in a report on Friday. TD Securities boosted their price objective on shares of Calfrac Well Services from C$6.00 to C$7.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Calfrac Well Services from C$4.50 to C$6.00 and gave the stock a “market perform” rating in a report on Friday. Finally, CIBC boosted their price objective on shares of Calfrac Well Services from C$4.50 to C$6.75 in a report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$6.23.
About Calfrac Well Services
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.
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