Key Points
- Director Charles Pellerin bought 11,300 shares of Calfrac Well Services at an average price of C$6.20, a transaction worth about C$70,060. After the purchase, he held 6.22 million shares, increasing his stake by 0.18%.
- The stock was up 2.4% and opened at C$6.33, trading near its 52-week high of C$6.80. It also remains well above its 52-week low of C$3.02.
- Analysts are generally positive on the company, with a Moderate Buy consensus and an average price target of C$7.75. Recent firms including ATB Cormark and RBC raised their targets on the stock.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin bought 11,300 shares of Calfrac Well Services stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of C$6.20 per share, with a total value of C$70,060.00. Following the purchase, the director owned 6,222,723 shares of the company's stock, valued at C$38,580,882.60. This trade represents a 0.18% increase in their position.
Calfrac Well Services Stock Up 2.4%
TSE CFW opened at C$6.33 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 firm has a 50-day simple moving average of C$5.93 and a 200 day simple moving average of C$4.97. Calfrac Well Services Ltd. has a twelve month low of C$3.02 and a twelve month high of C$6.80. The stock has a market cap of C$635.65 million, a PE ratio of 13.76, a PEG ratio of -0.30 and a beta of -0.21.
Calfrac Well Services (TSE:CFW - Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share for the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. The business had revenue of C$305.37 million during the quarter. On average, research analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on CFW. ATB Cormark Capital Markets increased their price target on shares of 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. Royal Bank Of Canada increased their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 13th. One investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of C$7.75.
Read Our Latest Stock 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.
Further Reading
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