Calfrac Well Services Ltd. (TSE:CFW – Get Free Report) insider Sime Armoyan acquired 25,000 shares of Calfrac Well Services stock in a transaction that occurred on Wednesday, June 19th. The stock was bought at an average cost of C$3.93 per share, with a total value of C$98,250.00.
Sime Armoyan also recently made the following trade(s):
- On Monday, June 17th, Sime Armoyan purchased 201,700 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.93 per share, with a total value of C$792,681.00.
Calfrac Well Services Trading Down 3.6 %
Shares of CFW opened at C$3.96 on Monday. The business’s 50-day moving average price is C$4.22 and its 200 day moving average price is C$4.47. The company has a current ratio of 2.57, a quick ratio of 1.33 and a debt-to-equity ratio of 54.34. The stock has a market capitalization of C$339.45 million, a P/E ratio of 1.77, a P/E/G ratio of -0.30 and a beta of 1.79. Calfrac Well Services Ltd. has a 1-year low of C$3.74 and a 1-year high of C$6.20.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on CFW shares. ATB Capital cut Calfrac Well Services from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$10.00 to C$6.00 in a report on Friday, March 15th. Stifel Nicolaus dropped their price objective on Calfrac Well Services from C$5.00 to C$4.50 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Stifel Canada cut Calfrac Well Services from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada reduced their price objective on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 8th.
Check Out Our Latest Stock Report on Calfrac Well Services
About Calfrac Well Services
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. It offers hydraulic fracturing, coiled tubing, cementing, and other well completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.
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