Calfrac Well Services (TSE:CFW) Director Charles Pellerin Sells 8,600 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 8,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$7.01, for a total value of C$60,286.00. Following the transaction, the director owned 6,014,123 shares of the company’s stock, valued at approximately C$42,159,002.23. This represents a 0.14% decrease in their position.

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

• 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 transaction of C$1,400,000.00.
• On Friday, May 29th, Charles Pellerin acquired 11,300 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$6.20 per share, for a total transaction of C$70,060.00.

Calfrac Well Services Price Performance

CFW opened at C$7.00 on Friday. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$7.35. The company has a market cap of C$706.60 million, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of -0.30 and a beta of -0.45. The stock has a fifty day simple moving average of C$6.51 and a two-hundred day simple moving average of C$6.10. The company has a current ratio of 1.52, a quick ratio of 1.33 and a debt-to-equity ratio of 20.48.

Calfrac Well Services (TSE:CFW) last issued its earnings results on Thursday, August 6th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$426.69 million for the quarter. Calfrac Well Services had a return on equity of 8.75% and a net margin of 4.49%. Research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CFW has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised 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. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$7.50 to C$9.00 in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.