Calfrac Well Services (TSE:CFW) Insider Mark Ryan Ellingson Sells 7,800 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Mark Ryan Ellingson sold 7,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$6.50, for a total transaction of C$50,700.00. Following the sale, the insider owned 683 shares in the company, valued at C$4,439.50. This represents a 91.95% decrease in their position.

Calfrac Well Services Trading Up 1.1%

Calfrac Well Services stock opened at C$6.42 on Friday. Calfrac Well Services Ltd. has a 52 week low of C$2.98 and a 52 week high of C$6.67. The company has a debt-to-equity ratio of 33.41, a quick ratio of 1.33 and a current ratio of 1.77. The firm has a market capitalization of C$641.18 million, a price-to-earnings ratio of 18.88, a P/E/G ratio of -0.30 and a beta of 0.23. The company has a 50 day moving average price of C$5.45 and a 200 day moving average price of C$4.18.

Calfrac Well Services (TSE:CFW) last announced its earnings results on Thursday, March 19th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$292.18 million for the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. Research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CFW. ATB Cormark Capital Markets upgraded Calfrac Well Services from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$5.25 to C$7.00 in a research report on Friday, March 20th. Royal Bank Of Canada upped their target price on Calfrac Well Services from C$5.50 to C$7.00 and gave the company a “sector perform” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$7.00.

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.