Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Buys 530,400 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin bought 530,400 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of C$3.60 per share, for a total transaction of C$1,909,440.00.

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

• On Monday, February 24th, Charles Pellerin bought 336,800 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.95 per share, for a total transaction of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin bought 24,200 shares of Calfrac Well Services stock. The stock was bought at an average price of C$3.90 per share, for a total transaction of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin bought 6,300 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.82 per share, with a total value of C$24,066.00.
• On Friday, February 14th, Charles Pellerin bought 146,800 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.85 per share, with a total value of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The stock was purchased at an average cost of C$3.85 per share, with a total value of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin purchased 6,400 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Price Performance

Shares of CFW opened at C$3.64 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. The firm has a market cap of C$311.84 million, a PE ratio of 11.12, a P/E/G ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 1-year low of C$3.45 and a 1-year high of C$4.85. The firm has a fifty day simple moving average of C$3.82 and a two-hundred day simple moving average of C$3.86.

Analyst Upgrades and Downgrades

CFW has been the subject of several research analyst reports. Royal Bank of Canada dropped their price target on Calfrac Well Services from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research note on Friday. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$4.50 to C$5.50 in a report on Tuesday, December 10th. Finally, Atb Cap Markets upgraded Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

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.