Calfrac Well Services (TSE:CFW) Insider Buys C$15,340.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Scarlett Susan Crockatt bought 2,600 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of C$5.90 per share, with a total value of C$15,340.00. Following the completion of the purchase, the insider owned 4,000 shares of the company’s stock, valued at approximately C$23,600. The trade was a 185.71% increase in their position.

Scarlett Susan Crockatt also recently made the following trade(s):

• On Tuesday, May 26th, Scarlett Susan Crockatt bought 400 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$5.95 per share, with a total value of C$2,380.00.

Calfrac Well Services Trading Up 2.4%

Shares of TSE CFW opened at C$6.33 on Friday. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$6.80. The company has a market cap of C$635.65 million, a PE ratio of 13.76, a P/E/G ratio of -0.30 and a beta of -0.21. 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 company has a 50-day moving average of C$5.93 and a two-hundred day moving average of C$4.97.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CFW. Royal Bank Of Canada boosted their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets boosted their price target on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.75.

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.