Calfrac Well Services Ltd (TSE:CFW) Director Gregory Scott Fletcher Purchases 10,000 Shares

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Calfrac Well Services Ltd (TSE:CFW) Director Gregory Scott Fletcher acquired 10,000 shares of Calfrac Well Services stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of C$1.93 per share, with a total value of C$19,300.00. Following the transaction, the director now owns 88,784 shares in the company, valued at C$171,353.12.

CFW remained flat at $C$1.91 during trading on Friday. The company’s stock had a trading volume of 206,380 shares, compared to its average volume of 326,018. The company has a current ratio of 2.10, a quick ratio of 1.48 and a debt-to-equity ratio of 205.83. Calfrac Well Services Ltd has a 1-year low of C$1.69 and a 1-year high of C$6.19. The stock has a market cap of $261.70 million and a P/E ratio of -4.73.

Calfrac Well Services (TSE:CFW) last issued its earnings results on Wednesday, May 1st. The company reported C($0.24) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.19). The business had revenue of C$475.01 million during the quarter, compared to analyst estimates of C$493.33 million. Equities analysts expect that Calfrac Well Services Ltd will post 0.05 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. Canaccord Genuity reduced their price objective on Calfrac Well Services from C$4.00 to C$2.60 in a research report on Wednesday, May 29th. National Bank Financial lowered Calfrac Well Services from an “outperform market weight” rating to a “sector perform overweight” rating in a research report on Wednesday, May 1st. TD Securities reduced their price objective on Calfrac Well Services from C$4.25 to C$3.75 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Raymond James reaffirmed a “strong-buy” rating and set a C$7.50 price objective on shares of Calfrac Well Services in a research report on Thursday, May 2nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a C$5.00 price objective (down previously from C$6.50) on shares of Calfrac Well Services in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Calfrac Well Services presently has an average rating of “Hold” and a consensus price target of C$5.04.

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Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, the Russian Federation, Mexico, and Argentina. The company offers hydraulic fracturing, coiled tubing, cementing, other well stimulation, and pressure pumping services to oil and natural gas industries.

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