Charles Pellerin Purchases 142,700 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 142,700 shares of the stock in a transaction on Thursday, February 6th. The shares were acquired at an average price of C$3.85 per share, with a total value of C$549,395.00.

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

• On Wednesday, January 29th, Charles Pellerin purchased 6,400 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.
• On Monday, November 11th, Charles Pellerin purchased 41,411 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.65 per share, for a total transaction of C$151,150.15.

Calfrac Well Services Stock Performance

Shares of TSE CFW opened at C$3.85 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 58.76. The firm’s 50-day moving average price is C$3.85 and its two-hundred day moving average price is C$3.91. Calfrac Well Services Ltd. has a 52-week low of C$3.64 and a 52-week high of C$5.38. The stock has a market capitalization of C$330.33 million, a P/E ratio of 1.72, a P/E/G ratio of -0.30 and a beta of 1.65.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.27). The company had revenue of C$430.11 million during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CFW has been the topic of several research reports. 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 raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Three 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. Based on data from MarketBeat.com, Calfrac Well Services currently has an average rating of “Moderate Buy” and an average price target 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.