Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$24,000.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 6,400 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of C$3.75 per share, with a total value of C$24,000.00.

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

• On Monday, November 11th, Charles Pellerin bought 41,411 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.65 per share, with a total value of C$151,150.15.

Calfrac Well Services Stock Up 0.5 %

Calfrac Well Services stock opened at C$3.78 on Monday. The firm has a 50 day moving average price of C$3.87 and a 200-day moving average price of C$3.93. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 58.76. Calfrac Well Services Ltd. has a twelve month low of C$3.64 and a twelve month high of C$5.38. The company has a market capitalization of C$324.32 million, a P/E ratio of 1.69, a P/E/G ratio of -0.30 and a beta of 1.65.

Calfrac Well Services (TSE:CFW) last released its earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.27). The firm had revenue of C$430.11 million during the quarter, compared to analysts’ expectations of C$400.60 million. Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. As a group, equities analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on CFW shares. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$5.00.

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.