Scarlett Susan Crockatt Buys 2,600 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Scarlett Susan Crockatt acquired 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of C$5.90 per share, with a total value of C$15,340.00. Following the acquisition, the insider owned 4,000 shares in the company, valued at C$23,600. The trade was a 185.71% increase in their ownership of the stock.

Scarlett Susan Crockatt also recently made the following trade(s):

• On Tuesday, May 26th, Scarlett Susan Crockatt purchased 400 shares of Calfrac Well Services stock. The shares were purchased at an average price of C$5.95 per share, with a total value of C$2,380.00.

Calfrac Well Services Stock Up 2.4%

Calfrac Well Services stock opened at C$6.33 on Friday. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. Calfrac Well Services Ltd. has a 52-week low of C$3.02 and a 52-week high of C$6.80. The firm has a 50 day moving average price of C$5.93 and a two-hundred day moving average price of C$4.97. The firm has a market cap of C$635.65 million, a price-to-earnings ratio of 13.76, a PEG ratio of -0.30 and a beta of -0.21.

Calfrac Well Services (TSE:CFW) last released 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 net margin of 3.29% and a return on equity of 6.49%. The firm had revenue of C$305.37 million during the quarter. Equities analysts predict that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CFW. ATB Cormark Capital Markets raised their price target on shares of Calfrac Well Services from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. 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 stock a “sector perform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Calfrac Well Services currently has an average rating of “Moderate Buy” and a consensus 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.