Calfrac Well Services Ltd. (TSE:CFW – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.31 and traded as high as C$6.41. Calfrac Well Services shares last traded at C$6.30, with a volume of 13,519 shares changing hands.
Analyst Ratings Changes
CFW has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets raised their price objective on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$7.75.
Check Out Our Latest Report on Calfrac Well Services
Calfrac Well Services Stock Up 0.3%
Calfrac Well Services (TSE:CFW – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$305.37 million during the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%. On average, analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.
Insider Activity at Calfrac Well Services
In other Calfrac Well Services news, Director Charles Pellerin purchased 11,300 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of C$6.20 per share, for a total transaction of C$70,060.00. Following the completion of the purchase, the director owned 6,222,723 shares in the company, valued at C$38,580,882.60. This represents a 0.18% increase in their position. Also, insider Sime Armoyan sold 15,429,212 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$6.50, for a total value of C$100,289,878.00. Following the completion of the sale, the insider directly owned 20,084,000 shares of the company’s stock, valued at approximately C$130,546,000. This represents a 43.45% decrease in their position. Over the last ninety days, insiders acquired 30,997 shares of company stock worth $186,495 and sold 20,470,344 shares worth $134,140,009. 46.88% of the stock is currently owned by corporate insiders.
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.
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