Calfrac Well Services (TSE:CFW) Director Charles Pellerin Sells 200,000 Shares of Stock

Key Points

• Director Charles Pellerin sold 200,000 Calfrac Well Services shares at an average C$7.00, generating C$1.4 million; he retained 6,022,723 shares valued at roughly C$42.2 million.
• Calfrac shares rose 0.9% to C$7.01, near their 52-week high of C$7.35. The company recently reported quarterly revenue of C$426.69 million and earnings of C$0.32 per share.
• Analyst sentiment is moderately positive: ATB Cormark upgraded the stock to “moderate buy” with a C$9.00 target, while the average analyst target is C$8.50.

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin sold 200,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$7.00, for a total transaction of C$1,400,000.00. Following the transaction, the director directly owned 6,022,723 shares in the company, valued at approximately C$42,159,061. This represents a 3.21% decrease in their position.

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

• On Wednesday, August 26th, Charles Pellerin sold 8,600 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.01, for a total transaction of C$60,286.00.
• On Friday, May 29th, Charles Pellerin acquired 11,300 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$6.20 per share, with a total value of C$70,060.00.

Calfrac Well Services Trading Up 0.9%

Shares of CFW stock traded up C$0.06 on Thursday, reaching C$7.01. 42,681 shares of the stock were exchanged, compared to its average volume of 118,634. The company has a quick ratio of 1.33, a current ratio of 1.52 and a debt-to-equity ratio of 20.48. The stock has a market cap of C$707.61 million, a P/E ratio of 11.49, a price-to-earnings-growth ratio of -0.30 and a beta of -0.45. The firm has a 50 day moving average of C$6.50 and a two-hundred day moving average of C$6.09. Calfrac Well Services Ltd. has a 1-year low of C$3.02 and a 1-year high of C$7.35.

Calfrac Well Services (TSE:CFW - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. Calfrac Well Services had a return on equity of 8.75% and a net margin of 4.49%.The firm had revenue of C$426.69 million for the quarter. On average, research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CFW shares. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and increased their target price for the stock from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada lifted their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$8.50.

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.

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