Jeffrey Irwin Ellis Sells 13,000 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Jeffrey Irwin Ellis sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$6.75, for a total transaction of C$87,750.00. Following the transaction, the insider owned 15,489 shares of the company’s stock, valued at approximately C$104,550.75. This represents a 45.63% decrease in their ownership of the stock.

Jeffrey Irwin Ellis also recently made the following trade(s):

• On Friday, June 26th, Jeffrey Irwin Ellis sold 7,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.50, for a total value of C$45,500.00.
• On Friday, June 26th, Jeffrey Irwin Ellis sold 6,554 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.49, for a total value of C$42,535.46.

Calfrac Well Services Trading Down 1.1%

Shares of CFW opened at C$7.21 on Thursday. Calfrac Well Services Ltd. has a 52-week low of C$3.02 and a 52-week high of C$7.35. The business’s fifty day moving average is C$6.40 and its 200-day moving average is C$5.96. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. The firm has a market cap of C$724.40 million, a price-to-earnings ratio of 11.82, a PEG ratio of -0.30 and a beta of -0.45.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings data 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 6.49% and a net margin of 3.29%. Equities analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CFW shares. Royal Bank Of Canada increased their target price on shares of 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. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$7.50 to C$9.00 in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.50.

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.