Calfrac Well Services (TSE:CFW) Director Charles Pellerin Sells 100,000 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. 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 owned 5,814,123 shares of the company’s stock, valued at C$40,698,861. This represents a 1.69% decrease in their position.

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

• On Monday, August 31st, 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 shares were sold at an average price of C$7.00, for a total transaction 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 transaction of C$60,286.00.

Calfrac Well Services Price Performance

Shares of CFW opened at C$7.01 on Friday. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$7.35. 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 company has a debt-to-equity ratio of 20.48, a current ratio of 1.52 and a quick ratio of 1.33. The firm has a fifty day moving average price of C$6.57 and a 200 day moving average price of C$6.16.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CFW shares. Royal Bank Of Canada upped their target price on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets raised Calfrac Well Services from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.