Tyler Dahlseide Buys 9,250 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Tyler Dahlseide bought 9,250 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of C$5.83 per share, with a total value of C$53,927.50. Following the completion of the transaction, the insider owned 79,774 shares in the company, valued at approximately C$465,082.42. This trade represents a 13.12% increase in their position.

Calfrac Well Services Price Performance

Shares of CFW traded up C$0.08 during midday trading on Wednesday, hitting C$5.64. The company’s stock had a trading volume of 208,085 shares, compared to its average volume of 136,945. Calfrac Well Services Ltd. has a one year low of C$3.02 and a one year high of C$6.80. The company’s fifty day simple moving average is C$5.74 and its two-hundred day simple moving average is C$4.74. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 33.41. The stock has a market capitalization of C$566.16 million, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21.

Calfrac Well Services (TSE:CFW) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%.The company had revenue of C$305.37 million for the quarter. As a group, equities analysts expect that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CFW has been the topic of several recent analyst reports. ATB Cormark Capital Markets lifted their price target on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada boosted their price objective on Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Calfrac Well Services has an average rating of “Moderate Buy” and an average price target of C$7.75.

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.