Calfrac Well Services (TSE:CFW) Insider Alif Husein Noorani Sells 7,432 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 7,432 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of C$5.90, for a total transaction of C$43,848.80. Following the sale, the insider owned 145 shares of the company’s stock, valued at approximately C$855.50. This represents a 98.09% decrease in their ownership of the stock.

Alif Husein Noorani also recently made the following trade(s):

• On Friday, May 15th, Alif Husein Noorani sold 5,900 shares of Calfrac Well Services stock. The shares were sold at an average price of C$5.98, for a total transaction of C$35,282.00.

Calfrac Well Services Price Performance

Shares of CFW opened at C$6.24 on Wednesday. The firm has a market cap of C$626.39 million, a PE ratio of 13.57, a P/E/G ratio of -0.30 and a beta of -0.21. The company has a current ratio of 1.48, a quick ratio of 1.33 and a debt-to-equity ratio of 25.17. The firm has a fifty day simple moving average of C$5.79 and a two-hundred day simple moving average of C$4.82. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$6.80.

Calfrac Well Services (TSE:CFW) last announced its earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$305.37 million during the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. On average, equities analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank Of Canada upped their price objective on Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets upped their price objective on Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$7.75.

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.