Calfrac Well Services (TSE:CFW) Insider Sells C$132,800.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Mark Ryan Ellingson sold 20,000 shares of Calfrac Well Services stock in a transaction dated Monday, March 30th. The shares were sold at an average price of C$6.64, for a total transaction of C$132,800.00. Following the completion of the sale, the insider owned 683 shares in the company, valued at approximately C$4,535.12. This trade represents a 96.70% decrease in their position.

Mark Ryan Ellingson also recently made the following trade(s):

• On Wednesday, March 25th, Mark Ryan Ellingson sold 7,800 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.50, for a total transaction of C$50,700.00.

Calfrac Well Services Price Performance

Shares of CFW traded down C$0.09 during mid-day trading on Tuesday, hitting C$6.48. 40,873 shares of the company were exchanged, compared to its average volume of 172,203. The stock has a market cap of C$647.17 million, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of -0.30 and a beta of 0.23. Calfrac Well Services Ltd. has a 1-year low of C$2.98 and a 1-year high of C$6.69. The company has a 50 day moving average of C$5.49 and a 200-day moving average of C$4.21. The company has a debt-to-equity ratio of 33.41, a quick ratio of 1.33 and a current ratio of 1.77.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings data on Thursday, March 19th. The company reported C$0.06 earnings per share (EPS) for the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%.The company had revenue of C$292.18 million for the quarter. Analysts expect that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. ATB Cormark Capital Markets upgraded Calfrac Well Services from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$5.25 to C$7.00 in a research report on Friday, March 20th. Royal Bank Of Canada raised their price objective 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$7.00.

About Calfrac Well Services

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.