Charles Pellerin Purchases 336,800 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin purchased 336,800 shares of the business's stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of C$3.95 per share, with a total value of C$1,330,360.00.

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

• On Friday, February 21st, Charles Pellerin purchased 24,200 shares of Calfrac Well Services stock. The shares were acquired at an average cost of C$3.90 per share, with a total value of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The shares were acquired at an average cost 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, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The shares were 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 shares were 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

Shares of TSE CFW traded up C$0.06 during mid-day trading on Friday, reaching C$3.87. The company had a trading volume of 70,591 shares, compared to its average volume of 58,674. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23. Calfrac Well Services Ltd. has a one year low of C$3.64 and a one year high of C$5.09. The firm has a market cap of C$331.55 million, a price-to-earnings ratio of 11.82, a PEG ratio of -0.30 and a beta of 1.65. The business's 50-day simple moving average is C$3.85 and its 200 day simple moving average is C$3.89.

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Analysts Set New Price Targets

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