Charles Pellerin Buys 700,000 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 700,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was acquired at an average price of C$4.15 per share, with a total value of C$2,905,000.00.

Calfrac Well Services Stock Up 1.0 %

Shares of TSE:CFW opened at C$4.10 on Friday. Calfrac Well Services Ltd. has a 52-week low of C$3.74 and a 52-week high of C$6.20. The firm has a market capitalization of C$351.45 million, a P/E ratio of 1.83, a P/E/G ratio of -0.30 and a beta of 1.79. The stock has a 50 day moving average price of C$4.27 and a 200-day moving average price of C$4.57. The company has a debt-to-equity ratio of 54.34, a quick ratio of 1.33 and a current ratio of 2.57.

Calfrac Well Services (TSE:CFW) last announced its earnings results on Thursday, March 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.08). Calfrac Well Services had a return on equity of 29.25% and a net margin of 8.83%. The firm had revenue of C$421.40 million during the quarter, compared to the consensus estimate of C$402.50 million. As a group, equities research analysts anticipate that Calfrac Well Services Ltd. will post 0.6198473 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Canada cut Calfrac Well Services from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. ATB Capital cut Calfrac Well Services from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$10.00 to C$6.00 in a report on Friday, March 15th. Royal Bank of Canada dropped their price objective on Calfrac Well Services from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, May 8th. Finally, Stifel Nicolaus dropped their price objective on Calfrac Well Services from C$5.00 to C$4.50 and set a “hold” rating for the company in a 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.