Jeffrey Irwin Ellis Sells 7,000 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Jeffrey Irwin Ellis sold 7,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$6.50, for a total value of C$45,500.00. Following the completion of the sale, the insider directly owned 12,043 shares of the company’s stock, valued at approximately C$78,279.50. The trade was a 36.76% decrease in their position.

Jeffrey Irwin Ellis also recently made the following trade(s):

• On Friday, June 26th, Jeffrey Irwin Ellis sold 6,554 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.49, for a total transaction of C$42,535.46.

Calfrac Well Services Price Performance

TSE CFW remained flat at C$6.44 on Wednesday. 132,172 shares of the company’s stock traded hands, compared to its average volume of 132,384. The stock has a market capitalization of C$647.04 million, a P/E ratio of 14.00, a PEG ratio of -0.30 and a beta of -0.44. The company has a debt-to-equity ratio of 25.17, a current ratio of 1.48 and a quick ratio of 1.33. The business has a 50 day simple moving average of C$6.06 and a two-hundred day simple moving average of C$5.48. Calfrac Well Services Ltd. has a 1 year low of C$3.02 and a 1 year high of C$7.20.

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

Analyst Upgrades and Downgrades

CFW has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets raised their price objective on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has assigned 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.