Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$565,180.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 146,800 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of C$3.85 per share, for a total transaction of C$565,180.00.

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

• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The stock was acquired at an average price of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Trading Down 0.5 %

Calfrac Well Services stock traded down C$0.02 during midday trading on Monday, reaching C$3.87. The stock had a trading volume of 134,300 shares, compared to its average volume of 55,807. The stock’s 50-day simple moving average is C$3.85 and its 200 day simple moving average is C$3.89. 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 debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23. The stock has a market capitalization of C$331.55 million, a PE ratio of 11.82, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65.

Wall Street Analyst Weigh In

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

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.