Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Purchases 186,400 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 186,400 shares of the business’s stock in a transaction on Friday, April 4th. The shares were acquired at an average price of C$3.60 per share, for a total transaction of C$671,040.00.

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

• On Friday, March 14th, Charles Pellerin acquired 530,400 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.60 per share, with a total value of C$1,909,440.00.
• On Monday, February 24th, Charles Pellerin purchased 336,800 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.95 per share, for a total transaction of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin acquired 24,200 shares of Calfrac Well Services stock. The stock was acquired 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 acquired 6,300 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.82 per share, with a total value of C$24,066.00.
• On Friday, February 14th, Charles Pellerin purchased 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 bought 142,700 shares of Calfrac Well Services stock. The stock was 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 shares were acquired at an average cost of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Price Performance

TSE CFW traded down C$0.19 during midday trading on Friday, hitting C$3.52. The company had a trading volume of 1,135,746 shares, compared to its average volume of 98,699. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. Calfrac Well Services Ltd. has a twelve month low of C$3.45 and a twelve month high of C$4.85. The company has a market capitalization of C$301.56 million, a PE ratio of 10.75, a P/E/G ratio of -0.30 and a beta of 1.65. The firm has a 50-day moving average price of C$3.78 and a 200-day moving average price of C$3.84.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Atb Cap Markets raised shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. ATB Capital raised 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 research report on Tuesday, December 10th. Finally, Royal Bank of Canada lowered their target price on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research note on Friday, March 14th.

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.