Charles Pellerin Sells 8,600 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 8,600 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of C$7.01, for a total transaction of C$60,286.00. Following the sale, the director directly owned 6,014,123 shares of the company’s stock, valued at C$42,159,002.23. This represents a 0.14% decrease in their ownership of the stock.

Charles Pellerin also recently made the following trade(s):

• On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.00, for a total value of C$1,400,000.00.
• On Friday, May 29th, Charles Pellerin bought 11,300 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$6.20 per share, for a total transaction of C$70,060.00.

Calfrac Well Services Price Performance

Shares of Calfrac Well Services stock opened at C$6.98 on Friday. Calfrac Well Services Ltd. has a twelve month low of C$3.02 and a twelve month high of C$7.35. The stock has a market capitalization of C$704.58 million, a P/E ratio of 11.44, a PEG ratio of -0.30 and a beta of -0.45. The company has a current ratio of 1.52, a quick ratio of 1.33 and a debt-to-equity ratio of 20.48. The business’s fifty day moving average price is C$6.52 and its 200 day moving average price is C$6.11.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 EPS for the quarter. The company had revenue of C$426.69 million during the quarter. Calfrac Well Services had a return on equity of 8.75% and a net margin of 4.49%. As a group, research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their target price on shares of 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. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Calfrac Well Services presently has a consensus rating of “Moderate Buy” and an average target price of C$8.50.

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.