Calfrac Well Services Ltd. (TSE:CFW) Insider Sime Armoyan Buys 77,500 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Sime Armoyan acquired 77,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of C$3.82 per share, for a total transaction of C$296,367.75.

Sime Armoyan also recently made the following trade(s):

• On Friday, September 6th, Sime Armoyan acquired 63,600 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$244,860.00.
• On Thursday, August 8th, Sime Armoyan acquired 4,600 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$17,710.00.
• On Wednesday, June 19th, Sime Armoyan bought 25,000 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.93 per share, for a total transaction of C$98,250.00.
• On Monday, June 17th, Sime Armoyan bought 201,700 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.93 per share, for a total transaction of C$792,681.00.

Calfrac Well Services Stock Performance

CFW stock opened at C$3.89 on Wednesday. The company has a debt-to-equity ratio of 58.76, a current ratio of 2.31 and a quick ratio of 1.33. The company has a 50 day moving average price of C$4.14 and a 200 day moving average price of C$4.24. Calfrac Well Services Ltd. has a fifty-two week low of C$3.75 and a fifty-two week high of C$6.20. The stock has a market capitalization of C$333.76 million, a PE ratio of 1.74, a price-to-earnings-growth ratio of -0.30 and a beta of 1.66.

Calfrac Well Services (TSE:CFW) last issued its earnings results on Thursday, August 1st. The company reported C$0.29 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.15. The company had revenue of C$426.05 million during the quarter, compared to analysts’ expectations of C$369.60 million. Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. Analysts forecast that Calfrac Well Services Ltd. will post 0.4249448 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank of Canada boosted their target price on Calfrac Well Services from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. ATB Capital dropped their price objective on shares of Calfrac Well Services from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.