Tyler Dahlseide Acquires 9,250 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Tyler Dahlseide bought 9,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of C$5.83 per share, with a total value of C$53,927.50. Following the transaction, the insider directly owned 79,774 shares of the company’s stock, valued at C$465,082.42. The trade was a 13.12% increase in their ownership of the stock.

Calfrac Well Services Trading Up 2.7%

TSE:CFW opened at C$5.79 on Friday. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$6.80. The firm has a 50 day moving average of C$5.75 and a 200 day moving average of C$4.76. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17. The stock has a market capitalization of C$581.22 million, a price-to-earnings ratio of 17.03, a PEG ratio of -0.30 and a beta of -0.21.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a report on Wednesday. ATB Cormark Capital Markets raised their price target on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Calfrac Well Services currently has an average rating of “Moderate Buy” and a consensus target price 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.