Charles Pellerin Purchases 11,300 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 11,300 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of C$6.20 per share, with a total value of C$70,060.00. Following the completion of the acquisition, the director owned 6,222,723 shares of the company’s stock, valued at C$38,580,882.60. This trade represents a 0.18% increase in their position.

Calfrac Well Services Price Performance

Shares of TSE CFW opened at C$6.33 on Monday. The stock’s 50-day moving average is C$5.93 and its two-hundred day moving average is C$4.98. The company has a debt-to-equity ratio of 25.17, a current ratio of 1.48 and a quick ratio of 1.33. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$6.80. The company has a market cap of C$635.65 million, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%.The business had revenue of C$305.37 million during the quarter. Analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CFW. Royal Bank Of Canada lifted their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets raised their price objective on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$7.75.

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.