Calfrac Well Services (TSE:CFW) Director Sells C$1,400,000.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 200,000 shares of the stock in a transaction dated 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 sale, the director owned 6,022,723 shares of the company’s stock, valued at approximately C$42,159,061. This trade represents 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 purchased 11,300 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$6.20 per share, for a total transaction of C$70,060.00.

Calfrac Well Services Stock Up 0.9%

TSE CFW traded up C$0.06 on Thursday, reaching C$7.01. The company had a trading volume of 42,681 shares, compared to its average volume of 118,634. The firm has a market capitalization of C$707.61 million, a PE ratio of 11.49, a P/E/G ratio of -0.30 and a beta of -0.45. Calfrac Well Services Ltd. has a 1 year low of C$3.02 and a 1 year high of C$7.35. The firm has a 50-day moving average of C$6.50 and a 200-day 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 (TSE:CFW) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 earnings per share (EPS) for the quarter. Calfrac Well Services had a net margin of 4.49% and a return on equity of 8.75%. The company had revenue of C$426.69 million for the quarter. On average, equities research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada lifted 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 upgraded Calfrac Well Services from a “hold” rating to a “moderate buy” rating and raised their target price for the company from C$7.50 to C$9.00 in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.