Calfrac Well Services Ltd. (TSE:CFW – Get Free Report) insider Jeffrey Irwin Ellis sold 13,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$6.75, for a total transaction of C$87,750.00. Following the sale, the insider directly owned 15,489 shares of the company’s stock, valued at approximately C$104,550.75. The trade was a 45.63% decrease in their ownership of the stock.
Jeffrey Irwin Ellis also recently made the following trade(s):
- On Friday, June 26th, Jeffrey Irwin Ellis sold 7,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.50, for a total transaction of C$45,500.00.
- On Friday, June 26th, Jeffrey Irwin Ellis sold 6,554 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.49, for a total transaction of C$42,535.46.
Calfrac Well Services Stock Up 6.0%
TSE:CFW traded up C$0.41 on Tuesday, reaching C$7.30. The stock had a trading volume of 247,674 shares, compared to its average volume of 121,369. The company has a 50-day moving average of C$6.38 and a 200 day moving average of C$5.93. The company has a current ratio of 1.48, a quick ratio of 1.33 and a debt-to-equity ratio of 25.17. The stock has a market cap of C$733.45 million, a P/E ratio of 15.87, a price-to-earnings-growth ratio of -0.30 and a beta of -0.45. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$7.35.
Wall Street Analyst Weigh In
Several research firms have recently commented on CFW. Royal Bank Of Canada increased their target price on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$7.50 to C$9.00 in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$8.50.
Read Our Latest Research Report on Calfrac Well Services
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.
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