Charles Pellerin Buys 24,200 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 24,200 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of C$3.90 per share, with a total value of C$94,380.00.

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

• On Monday, February 24th, Charles Pellerin bought 336,800 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.95 per share, with a total value of C$1,330,360.00.
• On Tuesday, February 18th, Charles Pellerin bought 6,300 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.82 per share, with a total value of C$24,066.00.
• On Friday, February 14th, Charles Pellerin acquired 146,800 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin acquired 142,700 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Price Performance

Shares of TSE:CFW opened at C$3.83 on Wednesday. The company has a 50-day simple moving average of C$3.85 and a 200-day simple moving average of 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. 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 stock has a market capitalization of C$328.12 million, a price-to-earnings ratio of 11.70, a PEG ratio of -0.30 and a beta of 1.65.

Analyst Ratings Changes

Several research firms have issued reports on CFW. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. ATB Capital raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Three investment 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. According to MarketBeat.com, Calfrac Well Services currently has a consensus rating of “Moderate Buy” and a consensus 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.