Mark Ryan Ellingson Sells 7,800 Shares of Calfrac Well Services (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFW) insider Mark Ryan Ellingson sold 7,800 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of C$6.50, for a total transaction of C$50,700.00. Following the completion of the sale, the insider owned 683 shares of the company’s stock, valued at C$4,439.50. This represents a 91.95% decrease in their ownership of the stock.

Calfrac Well Services Trading Up 1.1%

Calfrac Well Services stock opened at C$6.42 on Friday. Calfrac Well Services Ltd. has a one year low of C$2.98 and a one year high of C$6.67. The company’s fifty day moving average price is C$5.45 and its two-hundred day moving average price is C$4.18. The company has a debt-to-equity ratio of 33.41, a current ratio of 1.77 and a quick ratio of 1.33. The company has a market capitalization of C$641.18 million, a price-to-earnings ratio of 18.88, a PEG ratio of -0.30 and a beta of 0.23.

Calfrac Well Services (TSE:CFW) last announced its quarterly earnings results on Thursday, March 19th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$292.18 million during the quarter. Calfrac Well Services had a return on equity of 4.57% and a net margin of 2.18%. On average, analysts forecast that Calfrac Well Services Ltd. will post 0.3798828 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CFW has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on Calfrac Well Services from C$5.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Monday, March 23rd. ATB Cormark Capital Markets raised shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$5.25 to C$7.00 in a research report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$7.00.

Calfrac Well Services Company Profile

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.