Calfrac Well Services (TSE:CFW) Director Sells C$700,000.00 in Stock

Key Points

• Director Charles Pellerin sold 100,000 Calfrac Well Services shares at C$7.00 each, generating C$700,000 and reducing his stake by 1.69% to 5.81 million shares.
• Pellerin has sold an additional 308,600 shares in recent transactions during late August, totaling approximately C$2.16 million.
• CFW recently traded near C$7.01, while analysts maintain a consensus “Moderate Buy” rating with an average price target of C$8.50.

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin sold 100,000 shares of the business's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$7.00, for a total transaction of C$700,000.00. Following the completion of the sale, the director owned 5,814,123 shares in the company, valued at approximately C$40,698,861. The trade was a 1.69% decrease in their position.

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

• On Monday, August 31st, Charles Pellerin sold 100,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$7.00, for a total transaction of C$700,000.00.
• On Monday, August 24th, Charles Pellerin sold 200,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.00, for a total value of C$1,400,000.00.
• On Wednesday, August 26th, Charles Pellerin sold 8,600 shares of Calfrac Well Services stock. The stock was sold at an average price of C$7.01, for a total value of C$60,286.00.

Calfrac Well Services Stock Performance

CFW stock traded up C$0.04 during trading on Friday, hitting C$7.01. 52,820 shares of the company traded hands, compared to its average volume of 118,162. Calfrac Well Services Ltd. has a 1 year low of C$3.02 and a 1 year high of C$7.35. The company has a market cap of C$707.61 million, a PE ratio of 11.49, a P/E/G ratio of -0.30 and a beta of -0.26. The stock's 50-day simple moving average is C$6.57 and its 200 day simple moving average is C$6.16. The company has a debt-to-equity ratio of 20.48, a current ratio of 1.52 and a quick ratio of 1.33.

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

Analyst Ratings Changes

CFW has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and raised their price target for the stock from C$7.50 to C$9.00 in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Calfrac Well Services presently has a consensus rating of "Moderate Buy" and an average target price of C$8.50.

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.

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