Calfrac Well Services Ltd. (TSE:CFW) Director Buys C$1,330,360.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 336,800 shares of the stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of C$3.95 per share, with a total value of C$1,330,360.00.

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

• On Friday, February 21st, Charles Pellerin bought 24,200 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.90 per share, for a total transaction of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The stock was acquired 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 acquired 146,800 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The stock was bought 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 purchased 6,400 shares of Calfrac Well Services stock. The shares were bought at an average price of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Trading Up 0.3 %

CFW opened at C$3.84 on Thursday. The business’s 50-day simple moving average is C$3.85 and its 200-day simple moving average is C$3.89. 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 company has a market cap of C$328.98 million, a P/E ratio of 11.73, a PEG ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a one year low of C$3.64 and a one year high of C$5.09.

Wall Street Analyst Weigh In

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