Calfrac Well Services (TSE:CFW) Insider Jeffrey Irwin Ellis Sells 13,000 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Jeffrey Irwin Ellis sold 13,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of C$6.75, for a total value of C$87,750.00. Following the completion of the transaction, the insider owned 15,489 shares of the company’s stock, valued at C$104,550.75. The trade was a 45.63% decrease in their position.

Jeffrey Irwin Ellis also recently made the following trade(s):

• On Friday, June 26th, Jeffrey Irwin Ellis sold 7,000 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.50, for a total value of C$45,500.00.
• On Friday, June 26th, Jeffrey Irwin Ellis sold 6,554 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.49, for a total value of C$42,535.46.

Calfrac Well Services Stock Performance

Shares of TSE CFW opened at C$7.29 on Wednesday. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. The stock has a 50 day moving average price of C$6.39 and a 200 day moving average price of C$5.94. The stock has a market capitalization of C$732.44 million, a PE ratio of 11.95, a price-to-earnings-growth ratio of -0.30 and a beta of -0.45. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$7.35.

Calfrac Well Services (TSE:CFW) last posted its quarterly 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 6.49% and a net margin of 3.29%.The firm had revenue of C$426.69 million for the quarter. Analysts predict that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CFW shares. 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 stock a “sector perform” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$7.50 to C$9.00 in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.