Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Purchases 6,300 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 6,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of C$3.82 per share, for a total transaction of C$24,066.00.

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

• On Friday, February 14th, Charles Pellerin acquired 146,800 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin acquired 142,700 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Trading Up 0.3 %

Shares of CFW stock opened at C$3.88 on Wednesday. The company has a 50 day moving average of C$3.85 and a 200-day moving average of C$3.89. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. Calfrac Well Services Ltd. has a 12-month low of C$3.64 and a 12-month high of C$5.38. The firm has a market cap of C$332.40 million, a P/E ratio of 11.85, a PEG ratio of -0.30 and a beta of 1.65.

Wall Street Analyst Weigh In

Several research firms have commented on CFW. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Calfrac Well Services has an average 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.