Calfrac Well Services (TSE:CFW) Insider Tyler Dahlseide Buys 2,500 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Tyler Dahlseide acquired 2,500 shares of Calfrac Well Services stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of C$6.16 per share, with a total value of C$15,400.00. Following the completion of the purchase, the insider owned 83,024 shares in the company, valued at approximately C$511,427.84. This represents a 3.10% increase in their ownership of the stock.

Tyler Dahlseide also recently made the following trade(s):

• On Wednesday, May 13th, Tyler Dahlseide acquired 750 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$5.40 per share, with a total value of C$4,050.00.
• On Wednesday, May 13th, Tyler Dahlseide acquired 9,250 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$5.83 per share, with a total value of C$53,927.50.

Calfrac Well Services Stock Performance

Shares of CFW opened at C$6.03 on Friday. Calfrac Well Services Ltd. has a one year low of C$3.02 and a one year high of C$6.80. The company has a 50-day moving average of C$5.84 and a two-hundred day moving average of C$4.87. The stock has a market cap of C$605.52 million, a price-to-earnings ratio of 13.11, a PEG ratio of -0.30 and a beta of -0.21. 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 announced 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. On average, equities research analysts expect that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. ATB Cormark Capital Markets raised their target price 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, May 13th. Royal Bank Of Canada raised their target price 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, May 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.