Alif Husein Noorani Sells 7,432 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 7,432 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of C$5.90, for a total value of C$43,848.80. Following the transaction, the insider owned 145 shares of the company’s stock, valued at approximately C$855.50. The trade was a 98.09% decrease in their position.

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

• On Friday, May 15th, Alif Husein Noorani sold 5,900 shares of Calfrac Well Services stock. The shares were sold at an average price of C$5.98, for a total value of C$35,282.00.

Calfrac Well Services Price Performance

CFW opened at C$6.14 on Thursday. The business has a fifty day moving average of C$5.80 and a 200 day moving average of C$4.84. Calfrac Well Services Ltd. has a 52-week low of C$3.02 and a 52-week high of C$6.80. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17. The stock has a market cap of C$616.57 million, a P/E ratio of 13.35, a PEG ratio of -0.30 and a beta of -0.21.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%.The company had revenue of C$305.37 million during the quarter. As a group, sell-side analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on CFW. ATB Cormark Capital Markets boosted their price objective on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada boosted 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 report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.75.

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.