Insider Selling: Calfrac Well Services (TSE:CFW) Insider Sells C$50,700.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Mark Ryan Ellingson sold 7,800 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of C$6.50, for a total transaction of C$50,700.00. Following the transaction, the insider owned 683 shares of the company’s stock, valued at approximately C$4,439.50. The trade was a 91.95% decrease in their ownership of the stock.

Calfrac Well Services Stock Performance

TSE CFW opened at C$6.42 on Monday. The company’s fifty day moving average is C$5.45 and its two-hundred day moving average is C$4.19. Calfrac Well Services Ltd. has a 52-week low of C$2.98 and a 52-week high of C$6.67. The company has a debt-to-equity ratio of 33.41, a current ratio of 1.77 and a quick ratio of 1.33. The firm has a market capitalization of C$641.18 million, a price-to-earnings ratio of 18.88, a P/E/G ratio of -0.30 and a beta of 0.23.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$0.06 EPS for the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. The business had revenue of C$292.18 million during the quarter. Equities research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank Of Canada upped their price target on Calfrac Well Services from C$5.50 to C$7.00 and gave the company a “sector perform” rating in a report on Monday, March 23rd. ATB Cormark Capital Markets raised Calfrac Well Services from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$5.25 to C$7.00 in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$7.00.

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.