Key Points
- Insider Sime Armoyan sold 284,000 Calfrac Well Services shares at C$7.30 each, generating C$2.07 million. His remaining stake fell 1.88% to 14.8 million shares.
- Calfrac reported quarterly EPS of C$0.32 on revenue of C$426.69 million, with a 4.49% net margin and 8.75% return on equity.
- Analyst sentiment is positive overall: the stock has a consensus “Moderate Buy” rating and an average price target of C$8.50, above its reported C$6.94 opening price.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) insider Sime Armoyan sold 284,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$7.30, for a total value of C$2,073,200.00. Following the sale, the insider owned 14,800,000 shares in the company, valued at C$108,040,000. The trade was a 1.88% 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.
- On Thursday, June 11th, Sime Armoyan sold 4,350,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.75, for a total value of C$29,362,500.00.
Calfrac Well Services Stock Down 0.1%
Shares of TSE CFW opened at C$6.94 on Friday. The firm's 50-day simple moving average is C$6.42 and its 200 day simple moving average is C$5.98. The company has a market cap of C$697.28 million, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of -0.30 and a beta of -0.45. The company has a quick ratio of 1.33, a current ratio of 1.52 and a debt-to-equity ratio of 20.48. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$7.35.
Calfrac Well Services (TSE:CFW - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 EPS for the quarter. The firm had revenue of C$426.69 million for the quarter. Calfrac Well Services had a net margin of 4.49% and a return on equity of 8.75%. On average, research analysts expect that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. 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 company a "sector perform" rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and boosted their price objective for the stock from C$7.50 to C$9.00 in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Calfrac Well Services presently has a consensus rating of "Moderate Buy" and an average target price of C$8.50.
Check Out Our Latest Analysis 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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