Calfrac Well Services Ltd. (TSE:CFW) Director Acquires C$565,180.00 in Stock

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin acquired 146,800 shares of the business's stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of C$3.85 per share, with a total value of C$565,180.00.

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

• On Tuesday, February 18th, Charles Pellerin bought 6,300 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.82 per share, with a total value of C$24,066.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Price Performance

CFW traded down C$0.03 on Friday, hitting C$3.90. 105,452 shares of the company's stock traded hands, compared to its average volume of 55,388. The company's 50 day simple moving average is C$3.85 and its 200-day simple moving average is C$3.89. The firm has a market cap of C$334.12 million, a price-to-earnings ratio of 11.91, a P/E/G ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a one year low of C$3.64 and a one year high of C$5.20. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CFW shares. ATB Capital raised Calfrac Well Services from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Atb Cap Markets raised Calfrac Well Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$5.00.

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.