Calfrac Well Services (TSE:CFW) Insider Alif Husein Noorani Sells 5,900 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 5,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$5.98, for a total value of C$35,282.00. Following the completion of the transaction, the insider owned 145 shares in the company, valued at approximately C$867.10. This trade represents a 97.60% decrease in their position.

Alif Husein Noorani also recently made the following trade(s):

• On Tuesday, May 19th, Alif Husein Noorani sold 7,432 shares of Calfrac Well Services stock. The stock was sold at an average price of C$5.90, for a total value of C$43,848.80.

Calfrac Well Services Stock Up 7.4%

Shares of CFW opened at C$6.24 on Wednesday. The stock has a 50 day moving average price of C$5.79 and a 200 day moving average price of C$4.82. Calfrac Well Services Ltd. has a one year low of C$3.02 and a one year high of C$6.80. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. The stock has a market capitalization of C$626.39 million, a price-to-earnings ratio of 13.57, a PEG 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 for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%.The company had revenue of C$305.37 million for the quarter. Equities research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.