Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Acquires 186,400 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 186,400 shares of the business’s stock in a transaction on Friday, April 4th. The stock was bought at an average price of C$3.60 per share, for a total transaction of C$671,040.00.

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

• On Friday, March 14th, Charles Pellerin purchased 530,400 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.60 per share, for a total transaction of C$1,909,440.00.
• On Monday, February 24th, Charles Pellerin acquired 336,800 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.95 per share, with a total value of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin purchased 24,200 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.90 per share, with a total value of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin acquired 6,300 shares of Calfrac Well Services stock. The stock was acquired at an average cost 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 bought at an average price of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin purchased 6,400 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Stock Down 5.1 %

CFW traded down C$0.19 during mid-day trading on Friday, reaching C$3.52. 1,135,746 shares of the stock were exchanged, compared to its average volume of 98,699. Calfrac Well Services Ltd. has a 1 year low of C$3.45 and a 1 year high of C$4.85. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23. The stock has a market capitalization of C$301.56 million, a PE ratio of 10.75, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The company has a 50 day moving average price of C$3.78 and a two-hundred day moving average price of C$3.84.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a report on Friday, March 14th. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Finally, Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

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.