Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Insider Acquires C$98,250.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Sime Armoyan purchased 25,000 shares of Calfrac Well Services stock in a transaction that occurred on Wednesday, June 19th. The shares were bought at an average price of C$3.93 per share, with a total value of C$98,250.00.

Sime Armoyan also recently made the following trade(s):

• On Monday, June 17th, Sime Armoyan bought 201,700 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.93 per share, for a total transaction of C$792,681.00.

Calfrac Well Services Stock Performance

TSE CFW opened at C$4.06 on Wednesday. Calfrac Well Services Ltd. has a 1-year low of C$3.75 and a 1-year high of C$6.20. The company has a debt-to-equity ratio of 54.34, a current ratio of 2.57 and a quick ratio of 1.33. The business has a 50 day moving average price of C$4.20 and a 200 day moving average price of C$4.46. The company has a market capitalization of C$348.02 million, a P/E ratio of 1.81, a PEG ratio of -0.30 and a beta of 1.79.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Calfrac Well Services had a net margin of 8.83% and a return on equity of 29.25%. The business had revenue of C$330.10 million during the quarter, compared to analyst estimates of C$343.90 million. Sell-side analysts expect that Calfrac Well Services Ltd. will post 0.6198582 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CFW. Stifel Canada cut shares of Calfrac Well Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Royal Bank of Canada reduced their price target on Calfrac Well Services from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 8th. Stifel Nicolaus decreased their price objective on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Finally, ATB Capital downgraded Calfrac Well Services from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$10.00 to C$6.00 in a report on Friday, March 15th.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.