Calfrac Well Services (TSE:CFW) Director Sells C$60,286.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 8,600 shares of Calfrac Well Services stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of C$7.01, for a total value of C$60,286.00. Following the sale, the director directly owned 6,014,123 shares in the company, valued at C$42,159,002.23. The trade was a 0.14% decrease in their ownership of the stock.

Charles Pellerin also recently made the following trade(s):

• On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.00, for a total value of C$1,400,000.00.
• On Friday, May 29th, Charles Pellerin acquired 11,300 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$6.20 per share, with a total value of C$70,060.00.

Calfrac Well Services Trading Up 0.9%

TSE CFW traded up C$0.06 during trading hours on Thursday, reaching C$7.01. The company’s stock had a trading volume of 42,681 shares, compared to its average volume of 118,634. The firm has a fifty day simple moving average of C$6.50 and a 200-day simple moving average of C$6.09. The company has a debt-to-equity ratio of 20.48, a current ratio of 1.52 and a quick ratio of 1.33. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$7.35. The stock has a market cap of C$707.61 million, a P/E ratio of 11.49, a P/E/G ratio of -0.30 and a beta of -0.45.

Calfrac Well Services (TSE:CFW) last posted its earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Calfrac Well Services had a net margin of 4.49% and a return on equity of 8.75%. The firm had revenue of C$426.69 million for the quarter. Equities analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. ATB Cormark Capital Markets upgraded Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada lifted their price objective on 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. One 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$8.50.

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.