Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$1,909,440.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 530,400 shares of Calfrac Well Services stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of C$3.60 per share, with a total value of C$1,909,440.00.

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

• On Monday, February 24th, Charles Pellerin bought 336,800 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.95 per share, for a total transaction of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin bought 24,200 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.90 per share, with a total value of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.82 per share, for a total transaction of C$24,066.00.
• On Friday, February 14th, Charles Pellerin acquired 146,800 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin purchased 6,400 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Trading Down 1.1 %

Shares of Calfrac Well Services stock opened at C$3.66 on Thursday. The firm has a market cap of C$313.56 million, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 52-week low of C$3.45 and a 52-week high of C$4.85. The company’s 50-day simple moving average is C$3.82 and its 200-day simple moving average is C$3.85. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CFW shares. Royal Bank of Canada reduced their target price on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a report on Friday, March 14th. Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, ATB Capital raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$4.50 to C$5.50 in a report on Tuesday, December 10th.

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.