Calfrac Well Services Ltd. (TSE:CFW – Get Rating) insider Sime Armoyan sold 326,000 shares of the business's stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of C$5.43, for a total transaction of C$1,771,060.20. Following the transaction, the insider now directly owns 265,203 shares in the company, valued at approximately C$1,440,768.34.
Calfrac Well Services Stock Performance
Shares of CFW stock opened at C$5.05 on Tuesday. The firm's 50 day moving average price is C$5.00 and its 200-day moving average price is C$4.84. The company has a debt-to-equity ratio of 143.97, a quick ratio of 1.14 and a current ratio of 1.90. Calfrac Well Services Ltd. has a one year low of C$3.31 and a one year high of C$6.45. The firm has a market cap of C$197.25 million and a P/E ratio of -2.32.
Get Calfrac Well Services alerts:Calfrac Well Services (TSE:CFW – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported C($0.18) EPS for the quarter, hitting the consensus estimate of C($0.18). The company had revenue of C$318.51 million during the quarter, compared to analyst estimates of C$316.30 million. As a group, equities research analysts predict that Calfrac Well Services Ltd. will post 1.2 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CFW shares. Atb Cap Markets upgraded shares of Calfrac Well Services from a "sector perform" rating to an "outperform" rating in a report on Tuesday, September 13th. BMO Capital Markets increased their price objective on Calfrac Well Services from C$6.00 to C$6.50 in a research report on Wednesday, September 14th. Royal Bank of Canada upped their price target on Calfrac Well Services from C$7.00 to C$8.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 14th. ATB Capital raised their price objective on Calfrac Well Services from C$7.00 to C$8.00 in a research report on Friday, July 29th. Finally, Stifel Nicolaus upped their target price on shares of Calfrac Well Services from C$6.00 to C$7.00 in a research report on Wednesday, September 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Calfrac Well Services currently has a consensus rating of "Hold" and an average target price of C$7.00.About Calfrac Well Services
(Get Rating)
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.
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