Calfrac Well Services Ltd (CFW) Director Douglas Robert Ramsay Sells 1,000,000 Shares
Calfrac Well Services Ltd (TSE:CFW) Director Douglas Robert Ramsay sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of C$6.07, for a total value of C$6,070,000.00.
Shares of Calfrac Well Services Ltd (TSE CFW) traded up C$0.30 during trading hours on Thursday, reaching C$6.29. The company had a trading volume of 731,209 shares, compared to its average volume of 659,216. Calfrac Well Services Ltd has a twelve month low of C$2.23 and a twelve month high of C$6.51.
A number of equities research analysts have weighed in on the company. Scotiabank downgraded Calfrac Well Services from an “outperform” rating to a “sector perform” rating and set a C$7.75 target price on the stock. in a report on Thursday, November 16th. TD Securities raised their target price on Calfrac Well Services from C$7.00 to C$7.50 and gave the company a “buy” rating in a report on Wednesday, November 15th. National Bank Financial raised their target price on Calfrac Well Services from C$6.50 to C$7.50 and gave the company an “outperform” rating in a report on Friday, October 27th. Canaccord Genuity raised Calfrac Well Services from a “hold” rating to a “speculative buy” rating and raised their target price for the company from C$5.50 to C$7.00 in a report on Friday, October 27th. Finally, BMO Capital Markets raised their price objective on Calfrac Well Services from C$4.50 to C$6.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$6.42.
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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