Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Purchases 530,400 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 530,400 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of C$3.60 per share, with a total value of C$1,909,440.00.

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

• On Monday, February 24th, Charles Pellerin purchased 336,800 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.95 per share, for a total transaction of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin acquired 24,200 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$3.90 per share, for a total transaction of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin bought 6,300 shares of Calfrac Well Services stock. The stock was purchased at an average price of C$3.82 per share, with a total value of C$24,066.00.
• On Friday, February 14th, Charles Pellerin purchased 146,800 shares of Calfrac Well Services stock. The shares were acquired at an average cost of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin purchased 6,400 shares of Calfrac Well Services stock. The stock was acquired at an average price of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Trading Up 1.6 %

Shares of Calfrac Well Services stock opened at C$3.72 on Friday. Calfrac Well Services Ltd. has a 52-week low of C$3.45 and a 52-week high of C$4.85. The stock has a market cap of C$318.70 million, a PE ratio of 11.36, a PEG ratio of -0.30 and a beta of 1.65. The firm has a 50-day moving average of C$3.82 and a 200-day moving average of C$3.85. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23.

Wall Street Analysts Forecast Growth

Several research firms have commented on CFW. Atb Cap Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada lowered their price target 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 Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$4.50 to C$5.50 in a report on Tuesday, December 10th.

Calfrac Well Services Company Profile

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.