Calfrac Well Services (TSE:CFW) Insider Sells C$43,848.80 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 7,432 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of C$5.90, for a total transaction of C$43,848.80. Following the sale, the insider owned 145 shares of the company’s stock, valued at C$855.50. The trade was a 98.09% decrease in their ownership of the stock.

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

• On Friday, May 15th, Alif Husein Noorani sold 5,900 shares of Calfrac Well Services stock. The stock was sold at an average price of C$5.98, for a total transaction of C$35,282.00.

Calfrac Well Services Stock Down 0.5%

CFW stock opened at C$6.11 on Friday. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$6.80. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17. The company has a market cap of C$613.55 million, a price-to-earnings ratio of 13.28, a PEG ratio of -0.30 and a beta of -0.21. The company has a 50 day moving average of C$5.82 and a two-hundred day moving average of C$4.86.

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

Analysts Set New Price Targets

Several brokerages have recently commented on CFW. Royal Bank Of Canada increased 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 increased their price target on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.