Key Points
- Insider Mark Ryan Ellingson sold 7,800 shares of Calfrac on March 25 at C$6.50 per share for C$50,700, leaving him with 683 shares — a 91.95% decrease in ownership.
- Analysts have become more positive, with ATB Cormark upgrading to a Moderate Buy and RBC raising its target to C$7; the consensus price target is now C$7.
- Calfrac reported C$0.06 EPS for the quarter and C$292.18 million in revenue; the stock trades near C$6.42 with a one‑year range of C$2.98–C$6.67.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Mark Ryan Ellingson sold 7,800 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of C$6.50, for a total value of C$50,700.00. Following the sale, the insider owned 683 shares of the company's stock, valued at approximately C$4,439.50. This represents a 91.95% decrease in their ownership of the stock.
Calfrac Well Services Price Performance
CFW opened at C$6.42 on Friday. The stock has a fifty day moving average price of C$5.45 and a 200 day moving average price of C$4.18. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 33.41. Calfrac Well Services Ltd. has a 1 year low of C$2.98 and a 1 year high of C$6.67. The stock has a market cap of C$641.18 million, a price-to-earnings ratio of 18.88, a PEG ratio of -0.30 and a beta of 0.23.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported C$0.06 earnings per share for the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%.The company had revenue of C$292.18 million for the quarter. Analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently commented on CFW. ATB Cormark Capital Markets upgraded Calfrac Well Services from a "hold" rating to a "moderate buy" rating and increased their price objective for the stock from C$5.25 to C$7.00 in a report on Friday, March 20th. Royal Bank Of Canada boosted their target price on shares of Calfrac Well Services from C$5.50 to C$7.00 and gave the stock a "sector perform" rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Calfrac Well Services has an average rating of "Moderate Buy" and a consensus price target of C$7.00.
Check Out Our Latest Analysis on CFW
About Calfrac Well Services
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
