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

Calfrac Well Services Ltd. (TSE:CFW) insider Tyler Dahlseide bought 2,500 shares of Calfrac Well Services stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of C$6.16 per share, with a total value of C$15,400.00. Following the acquisition, 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 bought 750 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$5.40 per share, with a total value of C$4,050.00.
• On Wednesday, May 13th, Tyler Dahlseide purchased 9,250 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$5.83 per share, for a total transaction of C$53,927.50.

Calfrac Well Services Stock Down 0.3%

TSE:CFW traded down C$0.02 during trading hours on Friday, hitting C$6.09. 32,925 shares of the company’s stock traded hands, compared to its average volume of 132,237. The stock’s fifty day moving average price is C$5.82 and its two-hundred day moving average price is C$4.86. The firm has a market cap of C$611.55 million, a P/E ratio of 13.24, a P/E/G ratio of -0.30 and a beta of -0.21. 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 twelve month low of C$3.02 and a twelve month high of C$6.80.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research note 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 company an “outperform” rating in a research note 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’s stock. According to data from MarketBeat.com, Calfrac Well Services has an average rating of “Moderate Buy” and a consensus price target 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.