Charles Pellerin Acquires 530,400 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 530,400 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of C$3.60 per share, with a total value of C$1,909,440.00.

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

• On Monday, February 24th, Charles Pellerin bought 336,800 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.95 per share, with a total value of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin purchased 24,200 shares of Calfrac Well Services stock. The shares were acquired at an average cost of C$3.90 per share, for a total transaction of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin acquired 6,300 shares of Calfrac Well Services stock. The stock was acquired 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 cost 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 acquired at an average price of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The stock was 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 1.1 %

Shares of TSE CFW opened at C$3.66 on Thursday. The business has a 50-day moving average of C$3.82 and a two-hundred day moving average of C$3.85. The company has a market capitalization of C$313.56 million, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 1 year low of C$3.45 and a 1 year high of C$4.85. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CFW. Royal Bank of Canada cut their price target on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Friday, March 14th. ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Finally, Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th.

Calfrac Well Services Company Profile

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.