Calfrac Well Services Ltd (CFW) Insider Acquires C$539,000.00 in Stock

Calfrac Well Services Ltd (TSE:CFW) insider Wilks Brothers, Llc acquired 140,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average cost of C$3.85 per share, with a total value of C$539,000.00.

Wilks Brothers, Llc also recently made the following trade(s):

  • On Wednesday, September 6th, Wilks Brothers, Llc bought 284,000 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.83 per share, with a total value of C$1,087,720.00.
  • On Friday, September 8th, Wilks Brothers, Llc bought 135,200 shares of Calfrac Well Services stock. The shares were bought at an average cost of C$3.83 per share, with a total value of C$517,816.00.
  • On Tuesday, August 29th, Wilks Brothers, Llc acquired 429,100 shares of Calfrac Well Services stock. The stock was acquired at an average price of C$3.45 per share, with a total value of C$1,480,395.00.
  • On Wednesday, August 30th, Wilks Brothers, Llc acquired 150,300 shares of Calfrac Well Services stock. The stock was acquired at an average price of C$3.50 per share, with a total value of C$526,050.00.
  • On Friday, August 4th, Wilks Brothers, Llc acquired 754,300 shares of Calfrac Well Services stock. The stock was acquired at an average price of C$3.37 per share, with a total value of C$2,541,991.00.

Calfrac Well Services Ltd (TSE:CFW) traded down 2.05% during trading on Monday, reaching $3.83. 268,029 shares of the company traded hands. The firm’s market capitalization is $523.84 million. The company’s 50-day moving average price is $3.46 and its 200 day moving average price is $3.33. Calfrac Well Services Ltd has a 52 week low of $2.23 and a 52 week high of $5.34.

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A number of research firms have weighed in on CFW. CIBC reduced their target price on shares of Calfrac Well Services from C$5.75 to C$4.00 in a report on Thursday, July 20th. Canaccord Genuity dropped their target price on shares of Calfrac Well Services from C$4.00 to C$3.00 in a research report on Tuesday, July 11th. GMP Securities upped their price objective on shares of Calfrac Well Services from C$3.00 to C$4.00 in a report on Thursday, July 27th. BMO Capital Markets lowered their price objective on shares of Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating on the stock in a report on Thursday, July 27th. Finally, National Bank Financial upped their price objective on shares of Calfrac Well Services from C$4.25 to C$5.75 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$4.90.

Calfrac Well Services Company Profile

Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.

Insider Buying and Selling by Quarter for Calfrac Well Services (TSE:CFW)

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