Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$565,180.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 146,800 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average price of C$3.85 per share, with a total value of C$565,180.00.

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

• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The shares were bought at an average price of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Stock Down 0.5 %

CFW traded down C$0.02 on Monday, reaching C$3.87. The company’s stock had a trading volume of 134,300 shares, compared to its average volume of 55,807. Calfrac Well Services Ltd. has a 1 year low of C$3.64 and a 1 year high of C$5.38. The business’s 50 day moving average is C$3.85 and its 200 day moving average is C$3.89. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. The stock has a market cap of C$331.55 million, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Atb Cap Markets upgraded Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$5.00.

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.