Alif Husein Noorani Sells 5,900 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 5,900 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$5.98, for a total value of C$35,282.00. Following the completion of the transaction, the insider owned 145 shares in the company, valued at C$867.10. This represents a 97.60% decrease in their position.

Alif Husein Noorani also recently made the following trade(s):

• On Tuesday, May 19th, Alif Husein Noorani sold 7,432 shares of Calfrac Well Services stock. The shares were sold at an average price of C$5.90, for a total transaction of C$43,848.80.

Calfrac Well Services Price Performance

TSE CFW opened at C$6.14 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.48 and a debt-to-equity ratio of 25.17. The stock has a market capitalization of C$616.57 million, a PE ratio of 13.35, a price-to-earnings-growth ratio of -0.30 and a beta of -0.21. Calfrac Well Services Ltd. has a 12-month low of C$3.02 and a 12-month high of C$6.80. The company has a 50 day moving average price of C$5.80 and a two-hundred day moving average price of C$4.84.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 EPS for the quarter. Calfrac Well Services had a net margin of 3.29% and a return on equity of 6.49%. The company had revenue of C$305.37 million for the quarter. As a group, equities analysts predict that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on CFW shares. ATB Cormark Capital Markets raised their target price on Calfrac Well Services from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price target on Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$7.75.

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.