Key Points
- Insider buying: Calfrac Well Services insider Tyler Dahlseide bought 9,250 shares on May 13 at C$5.83 each, increasing his holdings by 13.12% to 79,774 shares.
- Quarterly results: The company recently reported Q1 earnings of C$0.19 per share on revenue of C$305.37 million, with return on equity of 4.57% and net margin of 2.18%.
- Analyst outlook: Analysts have lifted price targets, with RBC moving to C$8.00 and ATB Cormark to C$7.50; the stock currently carries a consensus rating of Moderate Buy with a C$7.75 target.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Tyler Dahlseide bought 9,250 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$5.83 per share, with a total value of C$53,927.50. Following the acquisition, the insider owned 79,774 shares in the company, valued at approximately C$465,082.42. This represents a 13.12% increase in their ownership of the stock.
Calfrac Well Services Price Performance
Shares of CFW opened at C$5.64 on Thursday. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$6.80. The business has a 50-day simple moving average of C$5.74 and a two-hundred day simple moving average of C$4.74. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 33.41. The stock has a market cap of C$566.16 million, a PE ratio of 16.59, a PEG ratio of -0.30 and a beta of -0.21.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%.The business had revenue of C$305.37 million during the quarter. Analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Royal Bank Of Canada upped their target price on Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a "sector perform" rating in a report on Wednesday. ATB Cormark Capital Markets upped their price target on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an "outperform" rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Calfrac Well Services presently has a consensus rating of "Moderate Buy" and a consensus target price of C$7.75.
View Our Latest Stock Report on CFW
Calfrac Well Services Company Profile
(
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.
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