Calfrac Well Services (TSE:CFW) Director Sells C$700,000.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 100,000 shares of the stock in a transaction on Monday, August 31st. 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 directly owned 5,914,123 shares in the company, valued at C$41,398,861. This trade represents a 1.66% decrease in their ownership of the stock.

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

• On Wednesday, September 2nd, 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 stock was sold at an average price of C$7.00, for a total value 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 Trading Up 0.6%

Shares of CFW traded up C$0.04 during midday trading on Friday, reaching C$7.01. The company had a trading volume of 52,820 shares, compared to its average volume of 118,162. 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 stock has a market cap of C$707.61 million, a PE ratio of 11.49, a price-to-earnings-growth ratio of -0.30 and a beta of -0.26. The firm has a 50 day simple moving average of C$6.57 and a 200-day simple moving average of C$6.16. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$7.35.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings results 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 business had revenue of C$426.69 million for the quarter. Research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CFW has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and raised their price objective for the company from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their price objective on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.