Insider Selling: Calfrac Well Services (TSE:CFW) Insider Sells C$45,500.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Jeffrey Irwin Ellis sold 7,000 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$6.50, for a total value of C$45,500.00. Following the transaction, the insider owned 12,043 shares in the company, valued at C$78,279.50. The trade was a 36.76% decrease in their position.

Jeffrey Irwin Ellis also recently made the following trade(s):

• On Friday, June 26th, Jeffrey Irwin Ellis sold 6,554 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.49, for a total transaction of C$42,535.46.

Calfrac Well Services Stock Performance

Shares of CFW stock remained flat at C$6.44 on Wednesday. 132,172 shares of the company traded hands, compared to its average volume of 132,384. Calfrac Well Services Ltd. has a fifty-two week low of C$3.02 and a fifty-two week high of C$7.20. The company has a market cap of C$647.04 million, a P/E ratio of 14.00, a PEG ratio of -0.30 and a beta of -0.44. The business has a fifty day simple moving average of C$6.06 and a 200 day simple moving average of C$5.48. The company has a debt-to-equity ratio of 25.17, a current ratio of 1.48 and a quick ratio of 1.33.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CFW shares. Royal Bank Of Canada lifted their price objective on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets boosted their price target on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.