Insider Selling: Calfrac Well Services (TSE:CFW) Director Sells 8,600 Shares

Key Points

• Director Charles Pellerin sold 8,600 Calfrac Well Services shares at an average C$7.01, generating C$60,286 and reducing his position by 0.14%. He also sold 200,000 shares earlier in August, while purchasing 11,300 shares in May.
• Calfrac reported quarterly earnings of C$0.32 per share on revenue of C$426.69 million, with a 4.49% net margin and 8.75% return on equity.
• Shares traded around C$7.01, near their 52-week high of C$7.35. 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 8,600 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$7.01, for a total transaction of C$60,286.00. Following the sale, the director directly owned 6,014,123 shares of the company's stock, valued at approximately C$42,159,002.23. This trade represents a 0.14% decrease in their position.

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

• 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 transaction of C$1,400,000.00.
• On Friday, May 29th, Charles Pellerin acquired 11,300 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$6.20 per share, for a total transaction of C$70,060.00.

Calfrac Well Services Price Performance

Shares of CFW stock traded up C$0.06 during trading hours on Thursday, reaching C$7.01. The company's stock had a trading volume of 42,681 shares, compared to its average volume of 118,634. Calfrac Well Services Ltd. has a fifty-two week low of C$3.02 and a fifty-two week high of C$7.35. The firm's 50 day simple moving average is C$6.50 and its 200-day simple moving average is C$6.09. 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 company has a market capitalization of C$707.61 million, a price-to-earnings ratio of 11.49, a PEG ratio of -0.30 and a beta of -0.45.

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

Wall Street Analysts Forecast Growth

CFW has been the topic of a number of research analyst reports. Royal Bank Of Canada raised 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 note on Wednesday, May 13th. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a "hold" rating to a "moderate buy" rating and upped their price objective for the stock from C$7.50 to C$9.00 in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Calfrac Well Services presently has a consensus rating of "Moderate Buy" and a consensus price target 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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