Charles Pellerin Acquires 6,400 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin purchased 6,400 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.

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

• On Monday, November 11th, Charles Pellerin bought 41,411 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.65 per share, for a total transaction of C$151,150.15.

Calfrac Well Services Stock Up 0.5 %

Shares of CFW stock traded up C$0.02 during midday trading on Friday, reaching C$3.78. 50,389 shares of the stock were exchanged, compared to its average volume of 59,095. The firm has a market cap of C$324.32 million, a PE ratio of 1.69, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The company’s 50 day moving average is C$3.87 and its two-hundred day moving average is C$3.94. Calfrac Well Services Ltd. has a 1 year low of C$3.64 and a 1 year high of C$5.38. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 58.76.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C$0.19 by C($0.27). Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. The firm had revenue of C$430.11 million for the quarter, compared to analysts’ expectations of C$400.60 million. On average, equities research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on CFW shares. ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Atb Cap Markets raised shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Calfrac Well Services presently has an average rating of “Moderate Buy” and an average target price 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.