Calfrac Well Services Ltd. (TSE:CFW) Director Buys C$94,380.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 24,200 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of C$3.90 per share, with a total value of C$94,380.00.

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

• On Tuesday, February 18th, Charles Pellerin bought 6,300 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.82 per share, with a total value of C$24,066.00.
• On Friday, February 14th, Charles Pellerin bought 146,800 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Price Performance

Shares of CFW opened at C$3.95 on Tuesday. Calfrac Well Services Ltd. has a 1-year low of C$3.64 and a 1-year high of C$5.09. The stock has a market cap of C$338.40 million, a PE ratio of 12.07, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. The firm has a fifty day moving average price of C$3.85 and a 200 day moving average price of C$3.89.

Wall Street Analyst Weigh In

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

Calfrac Well Services Company Profile

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.