Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Buys 41,411 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 41,411 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of C$3.65 per share, with a total value of C$151,150.15.

Calfrac Well Services Price Performance

Shares of CFW traded up C$0.01 during trading hours on Friday, reaching C$3.85. The stock had a trading volume of 3,320 shares, compared to its average volume of 38,080. The stock has a market capitalization of C$330.33 million, a PE ratio of 1.71, a PEG ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 12 month low of C$3.64 and a 12 month high of C$5.38. The company has a debt-to-equity ratio of 58.76, a quick ratio of 1.33 and a current ratio of 2.31. The company’s 50-day moving average is C$3.86 and its two-hundred day moving average is C$4.04.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.27). The firm had revenue of C$430.11 million for the quarter, compared to analyst estimates of C$400.60 million. Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. Research analysts expect that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on CFW. Royal Bank of Canada boosted their price target on Calfrac Well Services from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. ATB Capital dropped their target price on shares of Calfrac Well Services from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.