Key Points
- Insider selling: Calfrac Well Services insider Alif Husein Noorani sold 7,432 shares at an average price of C$5.90, following a prior sale of 5,900 shares on May 15. After the latest transaction, his holdings fell by 98.09% to just 145 shares.
- Stock performance and financials: Calfrac shares were up 7.4% and opened at C$6.24, near the top of their 52-week range of C$3.02 to C$6.80. The company reported quarterly EPS of C$0.19 on revenue of C$305.37 million.
- Analyst sentiment improved: Royal Bank of Canada and ATB Cormark both raised their price targets, and the stock now has a consensus rating of Moderate Buy with an average target price of C$7.75.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Alif Husein Noorani sold 5,900 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$5.98, for a total transaction of C$35,282.00. Following the sale, the insider owned 145 shares of the company's stock, valued at C$867.10. This represents a 97.60% decrease in their position.
Alif Husein Noorani also recently made the following trade(s):
- On Tuesday, May 19th, Alif Husein Noorani sold 7,432 shares of Calfrac Well Services stock. The shares were sold at an average price of C$5.90, for a total value of C$43,848.80.
Calfrac Well Services Stock Performance
Shares of Calfrac Well Services stock opened at C$6.24 on Wednesday. The firm has a market cap of C$626.39 million, a PE ratio of 13.57, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$6.80. The business's fifty day simple moving average is C$5.79 and its 200-day simple moving average is C$4.82.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. The firm had revenue of C$305.37 million during the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%. Equities analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.
Analyst Ratings Changes
CFW has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets raised their price target on Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an "outperform" rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$7.75.
View Our Latest Analysis on Calfrac Well Services
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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