Insider Selling: Calfrac Well Services (TSE:CFW) Insider Sells 5,900 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 5,900 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$5.98, for a total value of C$35,282.00. Following the transaction, the insider directly owned 145 shares in the company, valued at approximately C$867.10. This represents a 97.60% decrease in their position.

Alif Husein Noorani also recently made the following trade(s):

• On Tuesday, May 19th, Alif Husein Noorani sold 7,432 shares of Calfrac Well Services stock. The stock was sold at an average price of C$5.90, for a total value of C$43,848.80.

Calfrac Well Services Trading Up 8.3%

Shares of CFW traded up C$0.48 during trading hours on Tuesday, hitting C$6.29. The stock had a trading volume of 72,554 shares, compared to its average volume of 134,911. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. The firm has a market cap of C$631.41 million, a P/E ratio of 13.67, a P/E/G ratio of -0.30 and a beta of -0.21. The company’s fifty day simple moving average is C$5.77 and its 200 day simple moving average is C$4.79. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$6.80.

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

Analyst Ratings Changes

Several brokerages recently weighed in on CFW. ATB Cormark Capital Markets increased their target price on Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price objective on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.