Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin Buys 336,800 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW) Director Charles Pellerin acquired 336,800 shares of Calfrac Well Services stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of C$3.95 per share, for a total transaction of C$1,330,360.00.

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

• On Friday, February 21st, Charles Pellerin acquired 24,200 shares of Calfrac Well Services stock. The shares were purchased at an average cost of C$3.90 per share, for a total transaction of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.82 per share, for a total transaction of C$24,066.00.
• On Friday, February 14th, Charles Pellerin purchased 146,800 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin purchased 142,700 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin purchased 6,400 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Stock Performance

Shares of Calfrac Well Services stock opened at C$3.83 on Wednesday. The company has a market capitalization of C$328.12 million, a PE ratio of 11.70, a PEG ratio of -0.30 and a beta of 1.65. Calfrac Well Services Ltd. has a 12 month low of C$3.64 and a 12 month high of C$5.09. The company has a current ratio of 2.23, a quick ratio of 1.33 and a debt-to-equity ratio of 57.80. The stock’s fifty day simple moving average is C$3.85 and its 200 day simple moving average is C$3.89.

Analyst Ratings Changes

CFW has been the topic of a number of analyst reports. ATB Capital raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Atb Cap Markets raised Calfrac Well Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$5.00.

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.