Calfrac Well Services (TSE:CFW) Insider Sells C$132,800.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Mark Ryan Ellingson sold 20,000 shares of the company’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of C$6.64, for a total value of C$132,800.00. Following the transaction, the insider owned 683 shares of the company’s stock, valued at approximately C$4,535.12. The trade was a 96.70% decrease in their ownership of the stock.

Mark Ryan Ellingson also recently made the following trade(s):

• On Wednesday, March 25th, Mark Ryan Ellingson sold 7,800 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.50, for a total value of C$50,700.00.

Calfrac Well Services Stock Performance

CFW stock opened at C$6.69 on Friday. Calfrac Well Services Ltd. has a 1 year low of C$2.98 and a 1 year high of C$6.70. The stock has a market capitalization of C$668.14 million, a price-to-earnings ratio of 19.68, a PEG ratio of -0.30 and a beta of 0.23. 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 stock’s fifty day moving average is C$5.58 and its two-hundred day moving average is C$4.27.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings results on Thursday, March 19th. The company reported C$0.06 EPS for the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. The business had revenue of C$292.18 million during the quarter. On average, research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on CFW shares. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$5.25 to C$7.00 in a research report on Friday, March 20th. Royal Bank Of Canada lifted their price target 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$7.00.

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.