Calfrac Well Services Ltd. (TSE:CFW – Get Rating) insider Glendon Capital Management L.P. sold 100,000 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of C$5.67, for a total value of C$567,000.00. Following the completion of the transaction, the insider now directly owns 234,124 shares in the company, valued at approximately C$1,327,483.08.
Calfrac Well Services Stock Performance
Shares of CFW traded up C$0.07 during mid-day trading on Monday, hitting C$5.29. 13,343 shares of the company’s stock were exchanged, compared to its average volume of 45,781. Calfrac Well Services Ltd. has a fifty-two week low of C$3.06 and a fifty-two week high of C$6.45. The firm has a market capitalization of C$206.62 million and a P/E ratio of -2.43. The business’s 50 day moving average is C$4.75 and its two-hundred day moving average is C$4.82. The company has a current ratio of 1.90, a quick ratio of 1.14 and a debt-to-equity ratio of 143.97.
Calfrac Well Services (TSE:CFW – Get Rating) last announced its earnings results on Thursday, July 28th. The company reported C($0.18) earnings per share for the quarter, hitting the consensus estimate of C($0.18). The business had revenue of C$318.51 million for the quarter, compared to analyst estimates of C$316.30 million. On average, equities analysts expect that Calfrac Well Services Ltd. will post 0.76 earnings per share for the current year.
Analyst Upgrades and Downgrades
CFW has been the topic of several research reports. BMO Capital Markets raised their price objective on Calfrac Well Services from C$5.00 to C$6.00 in a report on Friday, July 29th. ATB Capital raised their price objective on Calfrac Well Services from C$7.00 to C$8.00 in a report on Friday, July 29th. Royal Bank of Canada raised their price objective on Calfrac Well Services from C$5.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Friday, July 29th. Stifel Nicolaus raised their price objective on Calfrac Well Services from C$5.50 to C$6.00 in a report on Friday, July 29th. Finally, Raymond James dropped their price objective on Calfrac Well Services from C$5.75 to C$5.50 and set a “market perform” rating on the stock in a report on Tuesday, May 17th.
Calfrac Well Services Company Profile
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 stimulation services, as well as pressure pumping services to oil and natural gas industries.