Insider Selling: Calfrac Well Services (TSE:CFW) Director Sells C$60,286.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 8,600 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$7.01, for a total transaction of C$60,286.00. Following the completion of the transaction, the director owned 6,014,123 shares in the company, valued at C$42,159,002.23. This represents a 0.14% decrease in their ownership of the stock.

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

• On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.00, for a total transaction of C$1,400,000.00.
• On Friday, May 29th, Charles Pellerin bought 11,300 shares of Calfrac Well Services stock. The stock was bought at an average price of C$6.20 per share, with a total value of C$70,060.00.

Calfrac Well Services Trading Down 0.3%

TSE CFW opened at C$6.98 on Friday. The company has a debt-to-equity ratio of 20.48, a current ratio of 1.52 and a quick ratio of 1.33. The firm’s fifty day moving average price is C$6.52 and its 200 day moving average price is C$6.11. The company has a market capitalization of C$704.58 million, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of -0.30 and a beta of -0.45. Calfrac Well Services Ltd. has a 12 month low of C$3.02 and a 12 month high of C$7.35.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Calfrac Well Services had a net margin of 4.49% and a return on equity of 8.75%. The firm had revenue of C$426.69 million during the quarter. On average, sell-side analysts expect that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on CFW shares. ATB Cormark Capital Markets raised Calfrac Well Services from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada increased 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$8.50.

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.