Key Points
- Insider Sime Armoyan sold 4.35 million shares of Calfrac Well Services at C$6.75 each, totaling about C$29.36 million, reducing his direct stake by 22.38%.
- The sale follows two large transactions the day before, including 15.43 million shares and 650,000 shares sold at an average price of C$6.50, for combined proceeds of more than C$104 million.
- Calfrac Well Services shares were trading at C$6.68, near the stock’s 52-week high of C$7.20, while analysts maintain a Moderate Buy consensus with an average target price of C$7.75.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Sime Armoyan sold 4,350,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$6.75, for a total value of C$29,362,500.00. Following the transaction, the insider directly owned 15,084,000 shares in the company, valued at approximately C$101,817,000. This represents a 22.38% decrease in their position.
Sime Armoyan also recently made the following trade(s):
- On Wednesday, June 10th, Sime Armoyan sold 15,429,212 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.50, for a total value of C$100,289,878.00.
- On Wednesday, June 10th, Sime Armoyan sold 650,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.50, for a total value of C$4,225,000.00.
Calfrac Well Services Stock Performance
Shares of TSE CFW opened at C$6.68 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 market cap of C$671.15 million, a price-to-earnings ratio of 14.52, a P/E/G ratio of -0.30 and a beta of -0.44. The business's 50-day simple moving average is C$5.98 and its 200-day simple moving average is C$5.21. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$7.20.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.19 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%. As a group, equities research analysts expect 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 company. 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. 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Calfrac Well Services has a consensus rating of "Moderate Buy" and an average target price of C$7.75.
Read Our Latest Stock Report 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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