Calfrac Well Services (TSE:CFW) Insider Alif Husein Noorani Sells 7,432 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Alif Husein Noorani sold 7,432 shares of Calfrac Well Services stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of C$5.90, for a total value of C$43,848.80. Following the sale, the insider owned 145 shares in the company, valued at C$855.50. This represents a 98.09% decrease in their ownership of the stock.

Alif Husein Noorani also recently made the following trade(s):

• On Friday, May 15th, Alif Husein Noorani sold 5,900 shares of Calfrac Well Services stock. The shares were sold at an average price of C$5.98, for a total value of C$35,282.00.

Calfrac Well Services Stock Up 8.3%

Shares of TSE CFW traded up C$0.48 during mid-day trading on Tuesday, hitting C$6.29. 72,554 shares of the stock traded hands, compared to its average volume of 134,911. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.33 and a current ratio of 1.48. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$6.80. The company has a market cap of C$631.41 million, a price-to-earnings ratio of 13.67, a PEG ratio of -0.30 and a beta of -0.21. The stock has a fifty day moving average price of C$5.77 and a 200-day moving average price of C$4.79.

Calfrac Well Services (TSE:CFW) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.19 earnings per share for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%.The company had revenue of C$305.37 million for the quarter. Research analysts anticipate that Calfrac Well Services Ltd. will post 0.3798828 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on CFW shares. Royal Bank Of Canada boosted 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. ATB Cormark Capital Markets boosted 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. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.