Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Purchases 142,700 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 142,700 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were bought at an average cost of C$3.85 per share, with a total value of C$549,395.00.

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

• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.75 per share, with a total value of C$24,000.00.
• On Monday, November 11th, Charles Pellerin purchased 41,411 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.65 per share, for a total transaction of C$151,150.15.

Calfrac Well Services Stock Performance

Shares of CFW stock opened at C$3.85 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 58.76. The company has a market cap of C$330.33 million, a PE ratio of 1.72, a P/E/G ratio of -0.30 and a beta of 1.65. The company’s fifty day simple moving average is C$3.85 and its 200-day simple moving average is C$3.91. Calfrac Well Services Ltd. has a 52 week low of C$3.64 and a 52 week high of C$5.38.

Calfrac Well Services (TSE:CFW) last issued its earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.27). The company had revenue of C$430.11 million during the quarter, compared to analysts’ expectations of C$400.60 million. Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. As a group, equities research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. ATB Capital raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Atb Cap Markets upgraded Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average 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.