Charles Pellerin Sells 100,000 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 100,000 shares of Calfrac Well Services stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$7.00, for a total transaction of C$700,000.00. Following the sale, the director owned 5,814,123 shares in the company, valued at C$40,698,861. This represents a 1.69% decrease in their ownership of the stock.

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

• On Monday, August 31st, Charles Pellerin sold 100,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.00, for a total transaction of C$700,000.00.
• On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.00, for a total transaction of C$1,400,000.00.
• On Wednesday, August 26th, Charles Pellerin sold 8,600 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.01, for a total value of C$60,286.00.

Calfrac Well Services Stock Performance

Shares of CFW stock traded up C$0.04 during mid-day trading on Friday, hitting C$7.01. 52,820 shares of the stock were exchanged, compared to its average volume of 118,162. The stock’s fifty day simple moving average is C$6.57 and its two-hundred day simple moving average is C$6.16. The company has a debt-to-equity ratio of 20.48, a quick ratio of 1.33 and a current ratio of 1.52. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$7.35. The stock has a market capitalization of C$707.61 million, a price-to-earnings ratio of 11.49, a P/E/G ratio of -0.30 and a beta of -0.26.

Calfrac Well Services (TSE:CFW) last posted its earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. The business 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%. On average, analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CFW shares. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$7.50 to C$9.00 in a research note on Tuesday, August 11th. Royal Bank Of Canada raised their price objective on Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a report 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 stock. Based on data from MarketBeat, the company presently has an average 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.