Alif Husein Noorani Sells 5,900 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 5,900 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$5.98, for a total value of C$35,282.00. Following the transaction, the insider directly owned 145 shares of the company’s stock, valued at approximately C$867.10. This trade represents a 97.60% decrease in their ownership of the stock.

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

• On Tuesday, May 19th, Alif Husein Noorani sold 7,432 shares of Calfrac Well Services stock. The stock was sold at an average price of C$5.90, for a total value of C$43,848.80.

Calfrac Well Services Stock Performance

Shares of CFW stock traded up C$0.48 during trading hours on Tuesday, reaching C$6.29. 72,554 shares of the company’s stock were exchanged, compared to its average volume of 134,911. The company has a market cap of C$631.41 million, a P/E ratio of 13.67, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21. The company’s 50 day moving average is C$5.77 and its two-hundred day moving average is C$4.79. 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 debt-to-equity ratio of 25.17, a current ratio of 1.48 and a quick ratio of 1.33.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. ATB Cormark Capital Markets upped their price target on Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price target 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Calfrac Well Services presently has an average rating of “Moderate Buy” and an average 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.