Calfrac Well Services (TSE:CFW) Insider Mark Ryan Ellingson Sells 20,000 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Mark Ryan Ellingson sold 20,000 shares of Calfrac Well Services stock in a transaction dated Monday, March 30th. The stock was sold at an average price of C$6.64, for a total value of C$132,800.00. Following the transaction, the insider owned 683 shares of the company’s stock, valued at C$4,535.12. The trade was a 96.70% decrease in their position.

Mark Ryan Ellingson also recently made the following trade(s):

• On Wednesday, March 25th, Mark Ryan Ellingson sold 7,800 shares of Calfrac Well Services stock. The shares were sold at an average price of C$6.50, for a total value of C$50,700.00.

Calfrac Well Services Stock Performance

CFW opened at C$6.55 on Wednesday. Calfrac Well Services Ltd. has a 12-month low of C$2.98 and a 12-month high of C$6.69. The stock has a market cap of C$654.16 million, a price-to-earnings ratio of 19.26, a PEG ratio of -0.30 and a beta of 0.23. The business has a 50 day moving average of C$5.52 and a 200-day moving average of C$4.24. The company has a quick ratio of 1.33, a current ratio of 1.77 and a debt-to-equity ratio of 33.41.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Calfrac Well Services from C$5.50 to C$7.00 and gave the company a “sector perform” rating in a report on Monday, March 23rd. ATB Cormark Capital Markets upgraded shares of Calfrac Well Services from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$5.25 to C$7.00 in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.