Scarlett Susan Crockatt Buys 2,600 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Scarlett Susan Crockatt bought 2,600 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of C$5.90 per share, for a total transaction of C$15,340.00. Following the purchase, the insider owned 4,000 shares in the company, valued at approximately C$23,600. This trade represents a 185.71% increase in their position.

Scarlett Susan Crockatt also recently made the following trade(s):

• On Tuesday, May 26th, Scarlett Susan Crockatt bought 400 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$5.95 per share, for a total transaction of C$2,380.00.

Calfrac Well Services Trading Up 1.3%

Shares of CFW stock traded up C$0.08 during mid-day trading on Thursday, reaching C$6.18. The company’s stock had a trading volume of 65,476 shares, compared to its average volume of 129,779. The company’s 50 day simple moving average is C$5.91 and its 200-day simple moving average is C$4.96. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$6.80. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17. The firm has a market capitalization of C$620.58 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. The firm had revenue of C$305.37 million for the quarter. On average, research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. ATB Cormark Capital Markets lifted their price target on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Calfrac Well Services presently has a consensus rating of “Moderate Buy” and an average price target 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.