Charles Pellerin Purchases 336,800 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 336,800 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of C$3.95 per share, with a total value of C$1,330,360.00.

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

• On Friday, February 21st, Charles Pellerin bought 24,200 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.90 per share, with a total value of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin acquired 6,300 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.82 per share, with a total value of C$24,066.00.
• On Friday, February 14th, Charles Pellerin bought 146,800 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The shares were bought at an average price of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Stock Down 3.0 %

TSE:CFW traded down C$0.12 during trading hours on Tuesday, hitting C$3.83. 66,604 shares of the stock traded hands, compared to its average volume of 58,470. The firm has a 50 day moving average price of C$3.85 and a 200 day moving average price of C$3.89. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. Calfrac Well Services Ltd. has a fifty-two week low of C$3.64 and a fifty-two week high of C$5.09. The firm has a market cap of C$328.12 million, a price-to-earnings ratio of 11.70, a PEG ratio of -0.30 and a beta of 1.65.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CFW. Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Calfrac Well Services currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.00.

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.