Charles Pellerin Sells 200,000 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 200,000 shares of Calfrac Well Services stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$7.00, for a total transaction of C$1,400,000.00. Following the sale, the director directly owned 6,022,723 shares in the company, valued at C$42,159,061. This trade represents a 3.21% decrease in their ownership of the stock.

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

• On Wednesday, August 26th, Charles Pellerin sold 8,600 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.01, for a total transaction of C$60,286.00.
• On Friday, May 29th, Charles Pellerin acquired 11,300 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$6.20 per share, with a total value of C$70,060.00.

Calfrac Well Services Price Performance

Shares of TSE:CFW opened at C$6.98 on Friday. Calfrac Well Services Ltd. has a one year low of C$3.02 and a one year high of C$7.35. The company has a debt-to-equity ratio of 20.48, a current ratio of 1.52 and a quick ratio of 1.33. The company has a market cap of C$704.58 million, a price-to-earnings ratio of 11.44, a PEG ratio of -0.30 and a beta of -0.45. The firm has a 50 day simple moving average of C$6.52 and a 200 day simple moving average of C$6.11.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CFW shares. Royal Bank Of Canada boosted their price objective on Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets upgraded Calfrac Well Services from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Calfrac Well Services currently has a consensus rating of “Moderate Buy” and an average target price of C$8.50.

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.