Charles Pellerin Acquires 336,800 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 336,800 shares of Calfrac Well Services stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of C$3.95 per share, for a total transaction of C$1,330,360.00.

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

• On Friday, February 21st, Charles Pellerin bought 24,200 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.90 per share, with a total value of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The shares were bought at an average price of C$3.82 per share, for a total transaction of C$24,066.00.
• On Friday, February 14th, Charles Pellerin acquired 146,800 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin purchased 6,400 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Stock Performance

Shares of CFW stock opened at C$3.84 on Thursday. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23. The firm has a market cap of C$328.98 million, a P/E ratio of 11.73, a P/E/G 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$3.89. Calfrac Well Services Ltd. has a one year low of C$3.64 and a one year high of C$5.09.

Wall Street Analyst Weigh In

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