Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Purchases 6,300 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 6,300 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of C$3.82 per share, for a total transaction of C$24,066.00.

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

• On Friday, February 14th, Charles Pellerin purchased 146,800 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The shares were purchased 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 acquired 6,400 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Price Performance

Shares of TSE CFW opened at C$3.88 on Wednesday. Calfrac Well Services Ltd. has a fifty-two week low of C$3.64 and a fifty-two week high of C$5.38. The stock has a market cap of C$332.40 million, a price-to-earnings ratio of 11.85, a PEG ratio of -0.30 and a beta of 1.65. 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 firm’s 50-day simple moving average is C$3.85 and its 200 day simple moving average is C$3.89.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CFW shares. Atb Cap Markets raised shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. ATB Capital raised 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 research report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.