Insider Selling: Calfrac Well Services (TSE:CFW) Insider Sells C$35,282.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 5,900 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$5.98, for a total transaction of C$35,282.00. Following the transaction, the insider directly owned 145 shares in the company, valued at approximately C$867.10. This represents a 97.60% decrease in their position.

Alif Husein Noorani also recently made the following trade(s):

• On Tuesday, May 19th, Alif Husein Noorani sold 7,432 shares of Calfrac Well Services stock. The shares were sold at an average price of C$5.90, for a total transaction of C$43,848.80.

Calfrac Well Services Price Performance

CFW stock opened at C$6.11 on Friday. The firm has a market cap of C$613.55 million, a P/E ratio of 13.28, a P/E/G ratio of -0.30 and a beta of -0.21. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. The firm’s fifty day moving average is C$5.82 and its 200 day moving average is C$4.86. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$6.80.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$305.37 million during the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. Research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

Analyst Upgrades and Downgrades

CFW has been the subject of several analyst reports. ATB Cormark Capital Markets increased their price target on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Calfrac Well Services currently has a consensus rating of “Moderate Buy” and an average target price of C$7.75.

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.