Calfrac Well Services Ltd. (TSE:CFW) Insider Sime Armoyan Purchases 63,600 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Sime Armoyan acquired 63,600 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of C$3.85 per share, for a total transaction of C$244,860.00.

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

• On Thursday, August 8th, Sime Armoyan bought 4,600 shares of Calfrac Well Services stock. The shares were bought at an average price of C$3.85 per share, for a total transaction of C$17,710.00.
• On Wednesday, June 19th, Sime Armoyan purchased 25,000 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.93 per share, with a total value of C$98,250.00.
• On Monday, June 17th, Sime Armoyan acquired 201,700 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.93 per share, for a total transaction of C$792,681.00.

Calfrac Well Services Stock Performance

Calfrac Well Services stock opened at C$3.85 on Friday. Calfrac Well Services Ltd. has a 52 week low of C$3.75 and a 52 week high of C$6.20. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 58.76. The stock has a market cap of C$330.33 million, a P/E ratio of 1.72, a price-to-earnings-growth ratio of -0.30 and a beta of 1.67. The stock has a 50 day moving average of C$4.15 and a 200-day moving average of C$4.26.

Calfrac Well Services (TSE:CFW) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.29 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.15. The firm had revenue of C$426.05 million for the quarter, compared to the consensus estimate of C$369.60 million. Calfrac Well Services had a net margin of 7.23% and a return on equity of 22.89%. On average, analysts expect that Calfrac Well Services Ltd. will post 0.575 EPS for the current fiscal year.

Analysts Set New Price Targets

CFW has been the subject of a number of recent analyst reports. ATB Capital lowered their price target 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 report on Friday, August 2nd. Royal Bank of Canada raised their target price on Calfrac Well Services from C$4.50 to C$5.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd.

About Calfrac Well Services

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.