Charles Pellerin Acquires 41,411 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin acquired 41,411 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of C$3.65 per share, for a total transaction of C$151,150.15.

Calfrac Well Services Stock Up 0.3 %

TSE:CFW traded up C$0.01 during midday trading on Friday, reaching C$3.85. 7,520 shares of the stock traded hands, compared to its average volume of 38,100. The business has a 50-day moving average of C$3.86 and a two-hundred day moving average of C$4.04. The company has a debt-to-equity ratio of 58.76, a quick ratio of 1.33 and a current ratio of 2.31. Calfrac Well Services Ltd. has a 12-month low of C$3.64 and a 12-month high of C$5.38. The stock has a market capitalization of C$330.33 million, a PE ratio of 1.72, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65.

Calfrac Well Services (TSE:CFW - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.19 by C($0.27). The company had revenue of C$430.11 million during the quarter, compared to analysts' expectations of C$400.60 million. Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. On average, equities analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CFW. Royal Bank of Canada upped their target price on shares of Calfrac Well Services from C$4.50 to C$5.00 and gave the stock a "sector perform" rating in a research note on Friday, August 2nd. ATB Capital lowered their price objective on shares of Calfrac Well Services from C$6.00 to C$5.00 and set a "sector perform" rating for the company in a research note on Friday, August 2nd.

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.