Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Acquires 6,300 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 6,300 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of C$3.82 per share, with a total value of C$24,066.00.

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

• On Friday, February 14th, Charles Pellerin bought 146,800 shares of Calfrac Well Services stock. The shares were 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 bought 142,700 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Trading Up 0.3 %

Calfrac Well Services stock traded up C$0.01 during trading hours on Tuesday, reaching C$3.88. 6,307 shares of the company’s stock were exchanged, compared to its average volume of 54,307. The company has a quick ratio of 1.33, a current ratio of 2.23 and a debt-to-equity ratio of 57.80. The firm’s 50 day simple moving average is C$3.85 and its 200 day simple moving average is C$3.89. Calfrac Well Services Ltd. has a twelve month low of C$3.64 and a twelve month high of C$5.38. The firm has a market capitalization of C$332.40 million, a PE ratio of 11.85, a PEG ratio of -0.30 and a beta of 1.65.

Analyst Ratings Changes

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