Key Points
- Director Charles Pellerin sold 100,000 Calfrac Well Services shares at C$7.00 each for total proceeds of C$700,000, reducing his position by 1.69% to 5.81 million shares.
- Pellerin also sold 308,600 shares in earlier August transactions, bringing his recent sales to 408,600 shares worth approximately C$2.86 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of C$8.50, above the stock’s reported C$7.01 opening price.
Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin sold 100,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$7.00, for a total transaction of C$700,000.00. Following the sale, the director owned 5,814,123 shares of the company's stock, valued at C$40,698,861. This trade represents a 1.69% decrease in their position.
Charles Pellerin also recently made the following trade(s):
- On Monday, August 31st, Charles Pellerin sold 100,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.00, for a total value of C$700,000.00.
- On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.00, for a total value of C$1,400,000.00.
- On Wednesday, August 26th, Charles Pellerin sold 8,600 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.01, for a total value of C$60,286.00.
Calfrac Well Services Stock Up 0.6%
Calfrac Well Services stock opened at C$7.01 on Friday. The stock has a 50 day moving average of C$6.57 and a two-hundred day moving average of C$6.16. Calfrac Well Services Ltd. has a twelve month low of C$3.02 and a twelve month high of C$7.35. The stock has a market capitalization of C$707.61 million, a price-to-earnings ratio of 11.49, a PEG ratio of -0.30 and a beta of -0.26. The company has a current ratio of 1.52, a quick ratio of 1.33 and a debt-to-equity ratio of 20.48.
Calfrac Well Services (TSE:CFW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$426.69 million during the quarter. Calfrac Well Services had a return on equity of 8.75% and a net margin of 4.49%. As a group, research analysts expect that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current year.
Analysts Set New Price Targets
CFW has been the subject of several analyst reports. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and increased their price target for the stock from C$7.50 to C$9.00 in a report on Tuesday, August 11th. 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 report on Wednesday, May 13th. One investment 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 company currently has a consensus rating of "Moderate Buy" and an average target price of C$8.50.
Read Our Latest Research 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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