Charles Pellerin Purchases 6,400 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 6,400 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of C$3.75 per share, with a total value of C$24,000.00.

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

• On Monday, November 11th, Charles Pellerin acquired 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 Trading Up 0.5 %

Shares of TSE:CFW traded up C$0.02 during midday trading on Friday, hitting C$3.78. The company had a trading volume of 50,389 shares, compared to its average volume of 59,095. The stock has a market cap of C$324.32 million, a price-to-earnings ratio of 1.69, a PEG ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 12 month low of C$3.64 and a 12 month high of C$5.38. The firm has a fifty day simple moving average of C$3.87 and a 200 day simple moving average of C$3.94. 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 (TSE:CFW) last announced 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). The company had revenue of C$430.11 million during the quarter, compared to analyst estimates of C$400.60 million. Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. On average, analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Wall Street Analysts Forecast Growth

CFW has been the topic of several recent analyst reports. Atb Cap Markets upgraded 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 raised their target price for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three investment 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’s stock. According to MarketBeat, the company has a consensus 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.