Calfrac Well Services (TSE:CFW) Insider Scarlett Susan Crockatt Acquires 2,600 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Scarlett Susan Crockatt bought 2,600 shares of the stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of C$5.90 per share, for a total transaction of C$15,340.00. Following the purchase, the insider owned 4,000 shares of the company’s stock, valued at C$23,600. This trade represents a 185.71% increase in their position.

Scarlett Susan Crockatt also recently made the following trade(s):

• On Tuesday, May 26th, Scarlett Susan Crockatt bought 400 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$5.95 per share, for a total transaction of C$2,380.00.

Calfrac Well Services Price Performance

Shares of TSE CFW opened at C$6.18 on Friday. The firm has a market cap of C$620.58 million, a P/E ratio of 13.43, a price-to-earnings-growth 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. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$6.80. The business’s 50 day moving average is C$5.91 and its 200-day moving average is C$4.96.

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 company had revenue of C$305.37 million for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%. Equities research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada increased their target price 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 increased their target price 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$7.75.

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.