Calfrac Well Services Ltd. (TSE:CFW) Director Chetan Rohit Mehta Buys 10,200 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW – Get Rating) Director Chetan Rohit Mehta bought 10,200 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was purchased at an average price of C$4.75 per share, for a total transaction of C$48,438.78. Following the completion of the acquisition, the director now directly owns 10,200 shares in the company, valued at C$48,438.78.

Calfrac Well Services Trading Down 1.1 %

Shares of Calfrac Well Services stock opened at C$4.70 on Tuesday. The company has a fifty day simple moving average of C$4.68 and a 200-day simple moving average of C$4.89. Calfrac Well Services Ltd. has a 12-month low of C$2.75 and a 12-month high of C$6.45. The company has a current ratio of 1.92, a quick ratio of 1.15 and a debt-to-equity ratio of 142.70. The stock has a market cap of C$180.69 million and a price-to-earnings ratio of -2.16.

Calfrac Well Services (TSE:CFW – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported C($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.17) by C($0.30). The firm had revenue of C$294.52 million for the quarter, compared to analyst estimates of C$305.85 million. On average, equities analysts forecast that Calfrac Well Services Ltd. will post 0.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on CFW. Stifel Nicolaus boosted their target price on shares of Calfrac Well Services from C$5.50 to C$6.00 in a report on Friday. ATB Capital boosted their target price on shares of Calfrac Well Services from C$7.00 to C$8.00 in a report on Friday. Royal Bank of Canada boosted their price target on shares of Calfrac Well Services from C$5.50 to C$7.00 and gave the company a “sector perform” rating in a research note on Friday. Raymond James reduced their price target on shares of Calfrac Well Services from C$5.75 to C$5.50 and set a “market perform” rating on the stock in a research note on Tuesday, May 17th. Finally, BMO Capital Markets boosted their price target on shares of Calfrac Well Services from C$5.00 to C$6.00 in a research note on Friday.

About Calfrac Well Services

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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 stimulation services, as well as pressure pumping services to oil and natural gas industries.

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