Calfrac Well Services (TSE:CFW) Director Charles Pellerin Sells 200,000 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 200,000 shares of Calfrac Well Services stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$7.00, for a total value of C$1,400,000.00. Following the completion of the transaction, the director owned 6,022,723 shares of the company’s stock, valued at approximately C$42,159,061. The trade was a 3.21% decrease in their position.

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

• On Wednesday, August 26th, Charles Pellerin sold 8,600 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.01, for a total value of C$60,286.00.
• On Friday, May 29th, Charles Pellerin bought 11,300 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$6.20 per share, for a total transaction of C$70,060.00.

Calfrac Well Services Trading Up 0.7%

TSE CFW opened at C$7.00 on Friday. The stock has a 50-day simple moving average of C$6.51 and a 200 day simple moving average of C$6.10. Calfrac Well Services Ltd. has a 12 month low of C$3.02 and a 12 month high of C$7.35. The company has a market capitalization of C$706.60 million, a PE ratio of 11.48, a P/E/G ratio of -0.30 and a beta of -0.45. The company has a current ratio of 1.52, a quick ratio of 1.33 and a debt-to-equity ratio of 20.48.

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. The firm had revenue of C$426.69 million for the quarter. Calfrac Well Services had a return on equity of 8.75% and a net margin of 4.49%. Research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CFW shares. Royal Bank Of Canada lifted their target price on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets raised Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.