Key Points
- Insider Jeffrey Irwin Ellis sold 13,000 Calfrac Well Services shares at an average price of C$6.75, generating C$87,750 and reducing his position by 45.63% to 15,489 shares.
- Calfrac shares opened at C$7.29 and were reported up 5.8%, trading near their 12-month high of C$7.35. The company recently reported quarterly earnings of C$0.32 per share on revenue of C$426.69 million.
- Analyst sentiment is favorable: ATB Cormark upgraded the stock to “outperform” with a C$9.00 target, while the consensus rating is “Moderate Buy” with an average target of C$8.50.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Jeffrey Irwin Ellis sold 13,000 shares of Calfrac Well Services stock in a transaction dated Monday, August 10th. The stock was sold at an average price of C$6.75, for a total transaction of C$87,750.00. Following the sale, the insider directly owned 15,489 shares of the company's stock, valued at C$104,550.75. The trade was a 45.63% decrease in their position.
Jeffrey Irwin Ellis also recently made the following trade(s):
- On Friday, June 26th, Jeffrey Irwin Ellis sold 7,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.50, for a total transaction of C$45,500.00.
- On Friday, June 26th, Jeffrey Irwin Ellis sold 6,554 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.49, for a total transaction of C$42,535.46.
Calfrac Well Services Trading Up 5.8%
Shares of TSE:CFW opened at C$7.29 on Wednesday. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$7.35. The business has a 50 day moving average of C$6.39 and a 200-day moving average of C$5.94. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17. The stock has a market cap of C$732.44 million, a PE ratio of 11.95, a P/E/G ratio of -0.30 and a beta of -0.45.
Calfrac Well Services (TSE:CFW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$426.69 million during 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 forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CFW shares. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$7.50 to C$9.00 in a research report on Tuesday. Royal Bank Of Canada increased their target price 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Calfrac Well Services presently has a consensus rating of "Moderate Buy" and a consensus price target of C$8.50.
Read Our Latest Stock Report on CFW
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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