Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Buys C$24,000.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 6,400 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of C$3.75 per share, with a total value of C$24,000.00.

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

• On Monday, November 11th, Charles Pellerin purchased 41,411 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.65 per share, with a total value of C$151,150.15.

Calfrac Well Services Trading Up 0.5 %

Shares of CFW stock opened at C$3.78 on Monday. Calfrac Well Services Ltd. has a fifty-two week low of C$3.64 and a fifty-two week 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 stock has a 50 day simple moving average of C$3.87 and a two-hundred day simple moving average of C$3.93. The company has a market cap of C$324.32 million, a P/E ratio of 1.69, a PEG ratio of -0.30 and a beta of 1.65.

Calfrac Well Services (TSE:CFW) last posted its quarterly 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). Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. The company had revenue of C$430.11 million during the quarter, compared to the consensus estimate of C$400.60 million. Research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CFW has been the topic of several analyst reports. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.00.

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.