Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$549,395.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 142,700 shares of the stock in a transaction on Thursday, February 6th. The shares were purchased at an average price of C$3.85 per share, for a total transaction of C$549,395.00.

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

• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.
• On Monday, November 11th, Charles Pellerin purchased 41,411 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.65 per share, for a total transaction of C$151,150.15.

Calfrac Well Services Stock Performance

TSE:CFW traded up C$0.10 during trading hours on Friday, reaching C$3.85. The company had a trading volume of 120,534 shares, compared to its average volume of 55,532. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 58.76. Calfrac Well Services Ltd. has a 52 week low of C$3.64 and a 52 week high of C$5.38. The firm has a market cap of C$330.33 million, a price-to-earnings ratio of 1.72, a PEG ratio of -0.30 and a beta of 1.65. The firm’s 50 day moving average price is C$3.85 and its 200-day moving average price is C$3.92.

Calfrac Well Services (TSE:CFW) last issued its earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.27). Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. The firm had revenue of C$430.11 million for the quarter, compared to the consensus estimate of C$400.60 million. On average, analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CFW. Atb Cap Markets upgraded Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$5.00.

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.