Tyler Dahlseide Acquires 2,500 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Tyler Dahlseide acquired 2,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of C$6.16 per share, with a total value of C$15,400.00. Following the completion of the purchase, the insider directly owned 83,024 shares of the company’s stock, valued at approximately C$511,427.84. This represents a 3.10% increase in their ownership of the stock.

Tyler Dahlseide also recently made the following trade(s):

• On Wednesday, May 13th, Tyler Dahlseide acquired 750 shares of Calfrac Well Services stock. The shares were bought at an average price of C$5.40 per share, with a total value of C$4,050.00.
• On Wednesday, May 13th, Tyler Dahlseide acquired 9,250 shares of Calfrac Well Services stock. The shares were bought at an average price of C$5.83 per share, with a total value of C$53,927.50.

Calfrac Well Services Stock Performance

Calfrac Well Services stock opened at C$6.03 on Friday. The company has a debt-to-equity ratio of 25.17, a current ratio of 1.48 and a quick ratio of 1.33. The stock has a fifty day moving average price of C$5.84 and a two-hundred day moving average price of C$4.87. 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 market capitalization of C$605.52 million, a P/E ratio of 13.11, a P/E/G ratio of -0.30 and a beta of -0.21.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings data 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 6.49% and a net margin of 3.29%.The firm had revenue of C$305.37 million during the quarter. As a group, analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CFW shares. ATB Cormark Capital Markets increased their target price on 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 increased their target price on 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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.