Key Points
- Insider buying: Calfrac Well Services insider Scarlett Susan Crockatt bought 2,600 shares on May 27 at C$5.90 each, after also purchasing 400 shares the day before. Her holdings rose to 4,000 shares, a 185.71% increase.
- Stock and financial snapshot: CFW was trading up 1.3% at C$6.18, with a market cap of about C$620.6 million and a 52-week range of C$3.02 to C$6.80. The company also carries a relatively high debt-to-equity ratio of 25.17.
- Analyst sentiment: Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of C$7.75. Recent updates from ATB Cormark and RBC both lifted their target prices.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Scarlett Susan Crockatt purchased 2,600 shares of Calfrac Well Services stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of C$5.90 per share, for a total transaction of C$15,340.00. Following the transaction, the insider directly owned 4,000 shares of the company's stock, valued at C$23,600. This represents a 185.71% increase in their ownership of the stock.
Scarlett Susan Crockatt also recently made the following trade(s):
- On Tuesday, May 26th, Scarlett Susan Crockatt purchased 400 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$5.95 per share, for a total transaction of C$2,380.00.
Calfrac Well Services Trading Up 1.3%
Shares of TSE:CFW opened at C$6.18 on Friday. The company has a market capitalization of C$620.58 million, a P/E ratio of 13.43, a P/E/G ratio of -0.30 and a beta of -0.21. Calfrac Well Services Ltd. has a 1 year low of C$3.02 and a 1 year high of C$6.80. The company has a debt-to-equity ratio of 25.17, a current ratio of 1.48 and a quick ratio of 1.33. The business's 50 day simple moving average is C$5.91 and its 200 day simple moving average is C$4.96.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$305.37 million for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%. On average, research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on CFW shares. ATB Cormark Capital Markets raised their target price on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an "outperform" rating in a report on Wednesday, May 13th. Royal Bank Of Canada raised their target price on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Calfrac Well Services currently has an average rating of "Moderate Buy" and a consensus price target of C$7.75.
View 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.
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