Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Buys 146,800 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 146,800 shares of Calfrac Well Services stock in a transaction on Friday, February 14th. The shares were bought at an average price of C$3.85 per share, for a total transaction of C$565,180.00.

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

• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Stock Down 0.5 %

Calfrac Well Services stock opened at C$3.87 on Tuesday. The company has a 50 day moving average of C$3.85 and a 200-day moving average of C$3.89. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. Calfrac Well Services Ltd. has a twelve month low of C$3.64 and a twelve month high of C$5.38. The stock has a market capitalization of C$331.55 million, a PE ratio of 11.82, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65.

Analyst Upgrades and Downgrades

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

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.