Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Purchases 41,411 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 41,411 shares of Calfrac Well Services stock in a transaction on Monday, November 11th. The stock was bought at an average price of C$3.65 per share, for a total transaction of C$151,150.15.

Calfrac Well Services Stock Up 0.3 %

Shares of TSE CFW opened at C$3.85 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 58.76. Calfrac Well Services Ltd. has a 12-month low of C$3.64 and a 12-month high of C$5.38. The firm’s 50-day moving average price is C$3.86 and its 200-day moving average price is C$4.04. The stock has a market capitalization of C$330.33 million, a price-to-earnings ratio of 1.72, a P/E/G ratio of -0.30 and a beta of 1.65.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings data 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 company had revenue of C$430.11 million for the quarter, compared to analysts’ expectations of C$400.60 million. Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. On average, equities research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CFW shares. ATB Capital cut their price objective on Calfrac Well Services from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada raised their price target on Calfrac Well Services from C$4.50 to C$5.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd.

About Calfrac Well Services

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.