Calfrac Well Services Ltd. (TSE:CFW) Director Buys C$580,756.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 145,189 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average cost of C$4.00 per share, with a total value of C$580,756.00.

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

• On Friday, June 14th, Charles Pellerin purchased 27,300 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$4.00 per share, with a total value of C$109,200.00.

Calfrac Well Services Stock Up 0.2 %

Shares of TSE CFW traded up C$0.01 on Wednesday, reaching C$4.01. 18,450 shares of the company’s stock traded hands, compared to its average volume of 34,364. Calfrac Well Services Ltd. has a 12 month low of C$3.75 and a 12 month high of C$6.20. The business’s 50 day simple moving average is C$4.16 and its two-hundred day simple moving average is C$4.36. The company has a market cap of C$344.06 million, a price-to-earnings ratio of 1.79, a price-to-earnings-growth ratio of -0.30 and a beta of 1.67. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 58.76.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. ATB Capital decreased their price target on shares of Calfrac Well Services from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus decreased their price target 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 note on Wednesday, May 8th. Finally, Royal Bank of Canada increased their price target on shares of Calfrac Well Services from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd.

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.