Anuroop Duggal Buys 15,000 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Anuroop Duggal acquired 15,000 shares of the company’s stock in a transaction on Monday, April 7th. The stock was acquired at an average price of C$3.43 per share, with a total value of C$51,450.00.

Calfrac Well Services Stock Performance

TSE CFW opened at C$3.26 on Tuesday. The firm’s 50 day simple moving average is C$3.77 and its 200 day simple moving average is C$3.83. The firm has a market capitalization of C$279.29 million, a price-to-earnings ratio of 9.96, a P/E/G ratio of -0.30 and a beta of 1.65. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. Calfrac Well Services Ltd. has a 1 year low of C$3.21 and a 1 year high of C$4.85.

Wall Street Analysts Forecast Growth

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 lifted their price target for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reduced their target price on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Friday, March 14th.

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.