Key Points
- Insider Mark Ryan Ellingson sold 20,000 shares of Calfrac on March 30 at C$6.64 for C$132,800 (after also selling 7,800 shares on March 25), leaving him with 683 shares — a 96.7% reduction in his position.
- Analysts have turned more positive, with ATB Cormark and RBC raising price targets to C$7.00 and the consensus rating at "Moderate Buy," versus the stock trading around C$6.55 and near its 52-week high of C$6.69.
- Recent results show modest profitability: Q1 EPS C$0.06 on revenue of C$292.18M, a net margin of 2.18%, market cap ~C$654M and a PE of 19.26, indicating limited but positive earnings amid low beta (0.23).
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Mark Ryan Ellingson sold 20,000 shares of Calfrac Well Services stock in a transaction on Monday, March 30th. The stock was sold at an average price of C$6.64, for a total value of C$132,800.00. Following the sale, the insider directly owned 683 shares of the company's stock, valued at C$4,535.12. This represents a 96.70% decrease in their position.
Mark Ryan Ellingson also recently made the following trade(s):
- On Wednesday, March 25th, Mark Ryan Ellingson sold 7,800 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.50, for a total transaction of C$50,700.00.
Calfrac Well Services Trading Down 0.3%
CFW stock opened at C$6.55 on Wednesday. The company has a debt-to-equity ratio of 33.41, a quick ratio of 1.33 and a current ratio of 1.77. The company's 50-day simple moving average is C$5.52 and its 200 day simple moving average is C$4.24. Calfrac Well Services Ltd. has a 52 week low of C$2.98 and a 52 week high of C$6.69. The company has a market capitalization of C$654.16 million, a PE ratio of 19.26, a price-to-earnings-growth ratio of -0.30 and a beta of 0.23.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$292.18 million during the quarter. Calfrac Well Services had a net margin of 2.18% and a return on equity of 4.57%. As a group, sell-side analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.
Analysts Set New Price Targets
CFW has been the subject of a number of analyst reports. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and lifted their price target for the company from C$5.25 to C$7.00 in a research report on Friday, March 20th. Royal Bank Of Canada increased their price target on 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 given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$7.00.
Get Our Latest Research Report on Calfrac Well Services
About Calfrac Well Services
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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.
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