Calfrac Well Services (TSE:CFW) Director Charles Pellerin Sells 100,000 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of C$7.00, for a total transaction of C$700,000.00. Following the completion of the transaction, the director owned 5,914,123 shares of the company’s stock, valued at C$41,398,861. The trade was a 1.66% decrease in their ownership of the stock.

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

• On Wednesday, September 2nd, Charles Pellerin sold 100,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.00, for a total value of C$700,000.00.
• On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.00, for a total value of C$1,400,000.00.
• On Wednesday, August 26th, Charles Pellerin sold 8,600 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.01, for a total value of C$60,286.00.

Calfrac Well Services Price Performance

Calfrac Well Services stock opened at C$7.01 on Friday. The company has a debt-to-equity ratio of 20.48, a quick ratio of 1.33 and a current ratio of 1.52. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$7.35. The stock has a market capitalization of C$707.61 million, a P/E ratio of 11.49, a price-to-earnings-growth ratio of -0.30 and a beta of -0.26. The stock has a fifty day moving average of C$6.57 and a 200-day moving average of C$6.16.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Calfrac Well Services had a return on equity of 8.75% and a net margin of 4.49%.The business had revenue of C$426.69 million for the quarter. On average, sell-side analysts expect that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CFW has been the subject of a number of research analyst reports. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their target price 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$8.50.

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.