Calfrac Well Services Ltd. (TSE:CFW) Director Buys C$21,050.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Anuroop Duggal purchased 5,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was bought at an average price of C$4.21 per share, with a total value of C$21,050.00.

Anuroop Duggal also recently made the following trade(s):

• On Thursday, June 6th, Anuroop Duggal purchased 5,000 shares of Calfrac Well Services stock. The stock was bought at an average price of C$4.14 per share, with a total value of C$20,700.00.

Calfrac Well Services Stock Down 3.3 %

TSE:CFW opened at C$4.42 on Thursday. Calfrac Well Services Ltd. has a twelve month low of C$3.75 and a twelve month high of C$6.20. The company has a market cap of C$378.88 million, a price-to-earnings ratio of 1.97, a price-to-earnings-growth ratio of -0.30 and a beta of 1.79. The stock has a fifty day simple moving average of C$4.16 and a 200-day simple moving average of C$4.47. The company has a current ratio of 2.57, a quick ratio of 1.33 and a debt-to-equity ratio of 54.34.

Calfrac Well Services (TSE:CFW) last released its earnings results on Tuesday, May 7th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Calfrac Well Services had a return on equity of 29.25% and a net margin of 8.83%. The business had revenue of C$330.10 million for the quarter, compared to the consensus estimate of C$343.90 million. Analysts anticipate that Calfrac Well Services Ltd. will post 0.6198582 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CFW shares. Royal Bank of Canada lowered their price target on Calfrac Well Services from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 8th. Stifel Nicolaus lowered their price target on Calfrac Well Services from C$5.00 to C$4.50 and set a “hold” rating for the company in a research report on Wednesday, May 8th.

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.