Jeffrey Irwin Ellis Sells 13,000 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Jeffrey Irwin Ellis sold 13,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$6.75, for a total transaction of C$87,750.00. Following the sale, the insider owned 15,489 shares of the company’s stock, valued at approximately C$104,550.75. The trade was a 45.63% decrease in their position.

Jeffrey Irwin Ellis also recently made the following trade(s):

• On Friday, June 26th, Jeffrey Irwin Ellis sold 7,000 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.50, for a total transaction of C$45,500.00.
• On Friday, June 26th, Jeffrey Irwin Ellis sold 6,554 shares of Calfrac Well Services stock. The stock was sold at an average price of C$6.49, for a total transaction of C$42,535.46.

Calfrac Well Services Stock Performance

TSE CFW traded up C$0.41 during trading hours on Tuesday, reaching C$7.30. The company’s stock had a trading volume of 247,674 shares, compared to its average volume of 121,369. The company has a current ratio of 1.48, a quick ratio of 1.33 and a debt-to-equity ratio of 25.17. The business has a 50-day simple moving average of C$6.38 and a 200 day simple moving average of C$5.93. The stock has a market cap of C$733.45 million, a PE ratio of 15.87, a PEG ratio of -0.30 and a beta of -0.45. Calfrac Well Services Ltd. has a 52 week low of C$3.02 and a 52 week high of C$7.35.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 earnings per share (EPS) for the quarter. Calfrac Well Services had a return on equity of 6.49% and a net margin of 3.29%.The business had revenue of C$426.69 million for the quarter. Equities research analysts predict that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CFW has been the subject of several recent research reports. Royal Bank Of Canada upped their price target on shares of Calfrac Well Services from C$7.50 to C$8.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$7.50 to C$9.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Calfrac Well Services has an average rating of “Moderate Buy” and an average price target of C$8.50.

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.