Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Acquires 24,200 Shares of Stock


Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Acquires 24,200 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin acquired 24,200 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of C$3.90 per share, for a total transaction of C$94,380.00.

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

Shares of CFW stock traded up C$0.01 during trading hours on Monday, reaching C$3.91. 1,405 shares of the company's stock were exchanged, compared to its average volume of 53,929. Calfrac Well Services Ltd. has a 1 year low of C$3.64 and a 1 year high of C$5.09. 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 stock has a market cap of C$334.97 million, a PE ratio of 11.95, a PEG ratio of -0.30 and a beta of 1.65. The stock's fifty day moving average price is C$3.85 and its two-hundred day moving average price is C$3.89.

A number of research analysts have recently issued reports on CFW shares. ATB Capital raised shares of 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 research report on Tuesday, December 10th. Atb Cap Markets raised shares of Calfrac Well Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Calfrac Well Services has an average rating of "Moderate Buy" and an average price target of C$5.00.

View Our Latest Analysis on CFW

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.

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