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

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 24,200 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost 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 Monday, February 24th, Charles Pellerin purchased 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 Tuesday, February 18th, Charles Pellerin acquired 6,300 shares of Calfrac Well Services stock. The shares were bought at an average price of C$3.82 per share, for a total transaction of C$24,066.00.
• On Friday, February 14th, Charles Pellerin bought 146,800 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin acquired 6,400 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Price Performance

Shares of TSE:CFW opened at C$3.84 on Thursday. The company has a market capitalization of C$328.98 million, a P/E ratio of 11.73, a P/E/G ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 1-year low of C$3.64 and a 1-year high of C$5.09. The firm’s 50 day simple moving average is C$3.85 and its two-hundred day simple moving average is C$3.89. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33.

Wall Street Analysts Forecast Growth

CFW has been the topic of a number of recent research reports. ATB Capital raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Atb Cap Markets raised shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.00.

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.