Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Acquires 336,800 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 336,800 shares of Calfrac Well Services stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of C$3.95 per share, with a total value of C$1,330,360.00.

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

• On Friday, February 21st, Charles Pellerin purchased 24,200 shares of Calfrac Well Services stock. The stock was acquired 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 acquired 6,300 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.82 per share, with a total value of C$24,066.00.
• On Friday, February 14th, Charles Pellerin purchased 146,800 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.85 per share, with a total value 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 stock was bought at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Stock Down 3.0 %

Shares of Calfrac Well Services stock traded down C$0.12 during trading hours on Tuesday, reaching C$3.83. The company’s stock had a trading volume of 66,604 shares, compared to its average volume of 58,470. Calfrac Well Services Ltd. has a one year low of C$3.64 and a one year high of C$5.09. The company has a market capitalization of C$328.12 million, a P/E ratio of 11.70, a P/E/G ratio of -0.30 and a beta of 1.65. The stock’s fifty day simple moving average is C$3.85 and its two-hundred day simple moving average is C$3.89. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CFW. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. ATB Capital raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$5.00.

About Calfrac Well Services

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.