Calfrac Well Services (TSE:CFW) Insider Sells C$87,750.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Jeffrey Irwin Ellis sold 13,000 shares of Calfrac Well Services stock in a transaction on Monday, August 10th. The stock was sold at an average price of C$6.75, for a total value of C$87,750.00. Following the completion of the sale, the insider directly owned 15,489 shares of the company’s stock, valued at C$104,550.75. The trade was a 45.63% decrease in their position.

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 shares were 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 stock was sold at an average price of C$6.49, for a total value of C$42,535.46.

Calfrac Well Services Trading Down 3.6%

Calfrac Well Services stock opened at C$6.95 on Friday. Calfrac Well Services Ltd. has a 52-week low of C$3.02 and a 52-week high of C$7.35. The company has a market cap of C$698.28 million, a P/E ratio of 11.39, a P/E/G ratio of -0.30 and a beta of -0.45. The company has a quick ratio of 1.33, a current ratio of 1.52 and a debt-to-equity ratio of 20.48. The business has a 50-day simple moving average of C$6.40 and a two-hundred day simple moving average of C$5.97.

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

Analysts Set New Price Targets

CFW has been the subject of several analyst reports. ATB Cormark Capital Markets upgraded 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 note on Tuesday. 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 research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently 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.