Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Purchases 6,300 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 6,300 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of C$3.82 per share, with a total value of C$24,066.00.

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

• On Friday, February 14th, Charles Pellerin purchased 146,800 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin acquired 142,700 shares of Calfrac Well Services stock. The stock was acquired 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 bought 6,400 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Price Performance

Shares of CFW opened at C$3.93 on Friday. The firm has a market capitalization of C$336.69 million, a price-to-earnings ratio of 12.01, a PEG ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 52 week low of C$3.64 and a 52 week high of C$5.38. 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 business’s fifty day moving average price is C$3.85 and its two-hundred day moving average price is C$3.89.

Wall Street Analysts Forecast Growth

CFW has been the subject of a number of research analyst reports. Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. ATB Capital raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$4.50 to C$5.50 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, Calfrac Well Services presently has an average rating of “Moderate Buy” and an average price target 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.