Calfrac Well Services Ltd. (EAST: CFW – Get a rating) insider Sime Armoyan sold 808,296 shares of the company in a trade that took place on Thursday, November 10. The stock was sold at an average price of CA$7.26, for a total transaction of CA$5,865,642.41. As a result of the transaction, the insider now directly owns 10,708,200 shares of the company, valued at approximately C$77,707,265.76.
Sime Armoyan also recently made the following trade(s):
- On Wednesday, September 28, Sime Armoyan sold 265,204 Calfrac Well Services shares. The stock was sold at an average price of CA$5.25, for a total transaction of CA$1,392,480.12.
- Thursday, September 22, Sime Armoyan sold 326,000 Calfrac Well Services shares. The shares were sold at an average price of CA$5.43, for a total transaction of CA$1,771,060.20.
Calfrac Well Services Price Performance
Shares of EAST: CFW traded lower C$0.11 during Friday trading hours, hitting C$7.20. 75,208 shares of the company were traded, compared to its average volume of 93,530. Calfrac Well Services Ltd. has a 52-week minimum of C$4.05 and a 52-week maximum of C$7.90. The company has a debt ratio of 120.62, a quick ratio of 1.33 and a current ratio of 2.07. The company’s fifty-day simple moving average is C$5.97 and its two-hundred-day simple moving average is C$5.19. The company has a market capitalization of C$336.94 million and a price-to-earnings ratio of -3.31.
A Wall Street analyst gives his opinion
A number of research analysts have commented on CFW’s actions. BMO Capital Markets raised its price target on Calfrac Well Services shares from C$6.50 to C$8.50 in a Thursday, Nov. 3 research note. ATB Capital raised its price target on shares of Calfrac Well Services from CA$10.00 to CA$11.50 in a Thursday, Nov. 3, report. Atb Cap Markets upgraded shares of Calfrac Well Services from an “sector performance” rating to an “outperform” rating in a Tuesday, September 13 report. Raymond James raised his price target on Calfrac Well Services shares from CA$5.50 to CA$10.00 and gave the company a “market performance” rating in a Thursday, Nov. 3, research note. . Finally, Stifel Nicolaus moved Calfrac Well Services shares from a “hold” rating to a “buy” rating and raised his target price for the company from CA$7.00 to CA$12.00 in a note. research on Thursday, November 3. Four investment analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$10.00.
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 the petroleum and natural gas industries.
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