Insider Selling: Calfrac Well Services (TSE:CFW) Insider Sells 7,800 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Mark Ryan Ellingson sold 7,800 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of C$6.50, for a total value of C$50,700.00. Following the sale, the insider directly owned 683 shares of the company’s stock, valued at C$4,439.50. This represents a 91.95% decrease in their ownership of the stock.

Calfrac Well Services Trading Up 0.9%

Calfrac Well Services stock traded up C$0.06 during trading hours on Friday, reaching C$6.41. 69,884 shares of the company’s stock traded hands, compared to its average volume of 175,205. The firm has a market capitalization of C$640.18 million, a price-to-earnings ratio of 18.85, 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. Calfrac Well Services Ltd. has a fifty-two week low of C$2.98 and a fifty-two week high of C$6.67. The firm’s 50 day moving average is C$5.42 and its 200-day moving average is C$4.15.

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

Wall Street Analyst Weigh In

Several brokerages have commented on CFW. 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 company from C$5.25 to C$7.00 in a research report on Friday, March 20th. Royal Bank Of Canada raised their price target on Calfrac Well Services from C$5.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Monday. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.00.

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.