Key Points
- Director Charles Pellerin sold 8,600 Calfrac Well Services shares at an average price of C$7.01, generating C$60,286. He retained 6,014,123 shares, and had also sold 200,000 shares earlier in August.
- Calfrac shares were trading at C$7.00, near their 52-week high of C$7.35, with a market capitalization of approximately C$706.6 million. The company recently reported quarterly EPS of C$0.32 and revenue of C$426.69 million.
- Analyst sentiment is moderately positive: the consensus rating is “Moderate Buy” with an average price target of C$8.50, including a recent target increase to C$9.00 from ATB Cormark.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin sold 8,600 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$7.01, for a total transaction of C$60,286.00. Following the sale, the director owned 6,014,123 shares of the company's stock, valued at C$42,159,002.23. This trade represents a 0.14% decrease in their ownership of the stock.
Charles Pellerin also recently made the following trade(s):
- On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.00, for a total transaction of C$1,400,000.00.
- On Friday, May 29th, Charles Pellerin purchased 11,300 shares of Calfrac Well Services stock. The stock was acquired at an average price of C$6.20 per share, for a total transaction of C$70,060.00.
Calfrac Well Services Trading Up 0.7%
Shares of Calfrac Well Services stock opened at C$7.00 on Friday. The company's fifty day simple moving average is C$6.51 and its 200-day simple moving average is C$6.10. The stock has a market capitalization of C$706.60 million, a PE ratio of 11.48, a P/E/G ratio of -0.30 and a beta of -0.45. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$7.35. The company has a debt-to-equity ratio of 20.48, a current ratio of 1.52 and a quick ratio of 1.33.
Calfrac Well Services (TSE:CFW - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 EPS for the quarter. Calfrac Well Services had a return on equity of 8.75% and a net margin of 4.49%.The firm had revenue of C$426.69 million during the quarter. As a group, equities analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on CFW shares. Royal Bank Of Canada lifted their price objective on Calfrac Well Services from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and lifted their price target for the company from C$7.50 to C$9.00 in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$8.50.
View Our Latest Stock Report on Calfrac Well Services
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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