Charles Pellerin Acquires 146,800 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 146,800 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average price of C$3.85 per share, for a total transaction of C$565,180.00.

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

• On Tuesday, February 18th, Charles Pellerin acquired 6,300 shares of Calfrac Well Services stock. The shares were bought at an average price of C$3.82 per share, with a total value of C$24,066.00.
• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The shares were 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 acquired 6,400 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.75 per share, with a total value of C$24,000.00.

Calfrac Well Services Price Performance

TSE CFW opened at C$3.88 on Wednesday. The firm has a market capitalization of C$332.40 million, a PE ratio of 11.85, a P/E/G ratio of -0.30 and a beta of 1.65. The company has a debt-to-equity ratio of 57.80, a current ratio of 2.23 and a quick ratio of 1.33. Calfrac Well Services Ltd. has a 12 month low of C$3.64 and a 12 month high of C$5.38. The company’s 50 day simple moving average is C$3.85 and its 200 day simple moving average is C$3.89.

Wall Street Analyst Weigh In

Several analysts recently commented on CFW shares. ATB Capital upgraded Calfrac Well Services from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$4.50 to C$5.50 in a research report on Tuesday, December 10th. Atb Cap Markets raised 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$5.00.

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.