Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Acquires 186,400 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 186,400 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of C$3.60 per share, with a total value of C$671,040.00.

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

• On Friday, March 14th, Charles Pellerin purchased 530,400 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.60 per share, for a total transaction of C$1,909,440.00.
• On Monday, February 24th, Charles Pellerin bought 336,800 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.95 per share, for a total transaction of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin purchased 24,200 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.90 per share, with a total value of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin acquired 6,300 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.82 per share, for a total transaction of C$24,066.00.
• On Friday, February 14th, Charles Pellerin bought 146,800 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The shares were acquired at an average cost of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Stock Performance

TSE CFW opened at C$3.52 on Friday. The firm’s 50 day simple moving average is C$3.78 and its 200 day simple moving average is C$3.84. The firm has a market capitalization of C$301.56 million, a price-to-earnings ratio of 10.75, a P/E/G ratio of -0.30 and a beta of 1.65. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. Calfrac Well Services Ltd. has a 1 year low of C$3.45 and a 1 year high of C$4.85.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CFW. ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Royal Bank of Canada cut their target price on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Friday, March 14th. Finally, Atb Cap Markets upgraded Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

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.