Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Buys 530,400 Shares

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 530,400 shares of Calfrac Well Services stock in a transaction dated Friday, March 14th. The shares were bought at an average cost 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 stock was purchased at an average price of C$3.95 per share, with a total value of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin acquired 24,200 shares of Calfrac Well Services stock. The shares were 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 acquired 6,300 shares of Calfrac Well Services stock. The shares were bought at an average cost 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 shares were bought 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 purchased 142,700 shares of Calfrac Well Services stock. The stock was acquired 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 shares were purchased at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Stock Down 1.4 %

Shares of TSE CFW opened at C$3.64 on Tuesday. 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 company has a market capitalization of C$311.84 million, a P/E ratio of 11.12, a P/E/G ratio of -0.30 and a beta of 1.65. The company has a 50 day simple moving average of C$3.82 and a 200-day simple moving average of C$3.86. Calfrac Well Services Ltd. has a 1 year low of C$3.45 and a 1 year high of C$4.85.

Wall Street Analysts Forecast Growth

CFW has been the subject of several research analyst reports. Royal Bank of Canada reduced their price target on shares of Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Friday. 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. Finally, ATB Capital upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and raised their price target 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.