Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Senior Officer Acquires 4,100 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Senior Officer Marco Antonio Aranguren acquired 4,100 shares of Calfrac Well Services stock in a transaction that occurred on Wednesday, April 16th. The shares were bought at an average price of C$3.46 per share, with a total value of C$14,190.51.

Calfrac Well Services Price Performance

Shares of TSE CFW traded up C$0.02 during mid-day trading on Tuesday, reaching C$3.45. 2,390 shares of the company traded hands, compared to its average volume of 96,948. The firm has a market cap of C$295.56 million, a PE ratio of 10.54, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. Calfrac Well Services Ltd. has a fifty-two week low of C$2.98 and a fifty-two week high of C$4.85. The stock has a fifty day simple moving average of C$3.65 and a 200-day simple moving average of C$3.79.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price target on shares of Calfrac Well Services from C$4.50 to C$3.75 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th.

About Calfrac Well Services

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.