Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Buys 146,800 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 146,800 shares of the stock in a transaction on Friday, February 14th. The stock was bought at an average price of C$3.85 per share, for a total transaction of C$565,180.00.

Charles Pellerin also recently made the following trade(s):

• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.82 per share, with a total value of C$24,066.00.
• On Thursday, February 6th, Charles Pellerin acquired 142,700 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Stock Performance

TSE:CFW opened at C$3.93 on Thursday. The firm’s fifty day simple moving average is C$3.85 and its 200-day simple moving average is C$3.89. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. The stock has a market cap of C$336.69 million, a PE ratio of 12.01, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a fifty-two week low of C$3.64 and a fifty-two week high of C$5.38.

Analyst Upgrades and Downgrades

CFW has been the subject of several analyst reports. Atb Cap Markets raised shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. ATB Capital raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$5.00.

About Calfrac Well Services

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.