Calfrac Well Services Ltd. (TSE:CFW) Insider Sime Armoyan Buys 77,500 Shares

Calfrac Well Services Ltd. (TSE:CFW) insider Sime Armoyan acquired 77,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of C$3.82 per share, for a total transaction of C$296,367.75.

Sime Armoyan also recently made the following trade(s):

• On Friday, September 6th, Sime Armoyan acquired 63,600 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.85 per share, with a total value of C$244,860.00.
• On Thursday, August 8th, Sime Armoyan acquired 4,600 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.85 per share, with a total value of C$17,710.00.
• On Wednesday, June 19th, Sime Armoyan acquired 25,000 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.93 per share, with a total value of C$98,250.00.
• On Monday, June 17th, Sime Armoyan acquired 201,700 shares of Calfrac Well Services stock. The stock was acquired at an average cost of C$3.93 per share, with a total value of C$792,681.00.

Calfrac Well Services Stock Down 0.3 %

TSE CFW opened at C$3.89 on Wednesday. Calfrac Well Services Ltd. has a twelve month low of C$3.75 and a twelve month high of C$6.20. The stock has a market cap of C$333.76 million, a PE ratio of 1.74, a PEG ratio of -0.30 and a beta of 1.66. The firm has a 50-day simple moving average of C$4.14 and a 200 day simple moving average of C$4.24. The company has a debt-to-equity ratio of 58.76, a quick ratio of 1.33 and a current ratio of 2.31.

Calfrac Well Services (TSE:CFW) last released its earnings results on Thursday, August 1st. The company reported C$0.29 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.15. Calfrac Well Services had a return on equity of 22.89% and a net margin of 7.23%. The business had revenue of C$426.05 million for the quarter, compared to the consensus estimate of C$369.60 million. On average, research analysts forecast that Calfrac Well Services Ltd. will post 0.4249448 EPS for the current year.

Wall Street Analysts Forecast Growth

CFW has been the subject of a number of research analyst reports. ATB Capital cut their target price on shares of Calfrac Well Services from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Calfrac Well Services from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd.

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 completion services for the oil and natural gas industry. The company was founded in 1999 and is headquartered in Calgary, Canada.