Key Points
- Insider buying: Calfrac Well Services insider Tyler Dahlseide bought 2,500 shares on May 21 at an average price of C$6.16, bringing his total holdings to 83,024 shares. The purchase increased his position by 3.10%.
- Recent insider activity: Dahlseide also made two additional purchases on May 13, buying 750 shares at C$5.40 and 9,250 shares at C$5.83. That suggests continued insider confidence in the stock.
- Company outlook: Analysts currently have a Moderate Buy consensus on Calfrac Well Services, with an average target price of C$7.75. The company recently reported C$0.19 EPS and C$305.37 million in quarterly revenue.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Tyler Dahlseide purchased 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of C$6.16 per share, with a total value of C$15,400.00. Following the completion of the acquisition, the insider owned 83,024 shares of the company's stock, valued at C$511,427.84. This trade represents a 3.10% increase in their position.
Tyler Dahlseide also recently made the following trade(s):
- On Wednesday, May 13th, Tyler Dahlseide purchased 750 shares of Calfrac Well Services stock. The shares were bought at an average price of C$5.40 per share, with a total value of C$4,050.00.
- On Wednesday, May 13th, Tyler Dahlseide purchased 9,250 shares of Calfrac Well Services stock. The shares were bought at an average price of C$5.83 per share, with a total value of C$53,927.50.
Calfrac Well Services Stock Performance
CFW stock opened at C$6.03 on Friday. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. The stock has a market cap of C$605.52 million, a P/E ratio of 13.11, a P/E/G ratio of -0.30 and a beta of -0.21. The firm has a 50 day simple moving average of C$5.84 and a 200 day simple moving average of C$4.87. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$6.80.
Calfrac Well Services (TSE:CFW - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 EPS for the quarter. The business had revenue of C$305.37 million during the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. Research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price 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 lifted their target price on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the company an "outperform" rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$7.75.
Read Our Latest Stock 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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