Calfrac Well Services (TSE:CFW) Director Charles Pellerin Acquires 11,300 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 11,300 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average price of C$6.20 per share, with a total value of C$70,060.00. Following the completion of the acquisition, the director directly owned 6,222,723 shares of the company’s stock, valued at approximately C$38,580,882.60. This trade represents a 0.18% increase in their ownership of the stock.

Calfrac Well Services Stock Up 2.4%

CFW stock opened at C$6.33 on Friday. The company has a debt-to-equity ratio of 25.17, a current ratio of 1.48 and a quick ratio of 1.33. Calfrac Well Services Ltd. has a 52-week low of C$3.02 and a 52-week high of C$6.80. The company has a 50-day moving average of C$5.93 and a two-hundred day moving average of C$4.97. The stock has a market capitalization of C$635.65 million, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CFW shares. ATB Cormark Capital Markets upped 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 report on Wednesday, May 13th. Royal Bank Of Canada upped 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 report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Calfrac Well Services has a consensus rating of “Moderate Buy” and a consensus target price of C$7.75.

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.