Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$151,150.15 in Stock

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

Calfrac Well Services Stock Performance

TSE CFW traded up C$0.01 on Friday, hitting C$3.85. 3,320 shares of the stock were exchanged, compared to its average volume of 38,080. Calfrac Well Services Ltd. has a 52 week low of C$3.64 and a 52 week high of C$5.38. The company has a market capitalization of C$330.33 million, a PE ratio of 1.71, a P/E/G ratio of -0.30 and a beta of 1.65. The business’s fifty day moving average is C$3.86 and its 200 day moving average is C$4.04. The company has a debt-to-equity ratio of 58.76, a current ratio of 2.31 and a quick ratio of 1.33.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share (EPS) 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 business had revenue of C$430.11 million for the quarter, compared to analyst estimates of C$400.60 million. Research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Calfrac Well Services

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.