Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$1,909,440.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 530,400 shares of Calfrac Well Services stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of C$3.60 per share, for a total transaction of C$1,909,440.00.

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

• On Monday, February 24th, Charles Pellerin bought 336,800 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.95 per share, with a total value of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin purchased 24,200 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.90 per share, for a total transaction of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The shares were purchased 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 acquired 146,800 shares of Calfrac Well Services stock. The stock was purchased 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 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 bought 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

CFW stock opened at C$3.70 on Wednesday. The business’s 50-day moving average is C$3.82 and its two-hundred day moving average is C$3.85. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. The firm has a market capitalization of C$316.98 million, a P/E ratio of 11.30, 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$3.45 and a 1 year high of C$4.85.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CFW. ATB Capital raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Royal Bank of Canada reduced their target price on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Friday, March 14th. Finally, 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.

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.