Insider Buying: Calfrac Well Services Ltd (CFW) Insider Purchases 566,000 Shares of Stock

Calfrac Well Services Ltd (TSE:CFW) insider Dan Wilks acquired 566,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of C$5.78 per share, for a total transaction of C$3,271,480.00.

Dan Wilks also recently made the following trade(s):

  • On Wednesday, August 23rd, Dan Wilks bought 2,094,577 shares of Calfrac Well Services stock. The shares were acquired at an average price of C$3.42 per share, for a total transaction of C$7,163,453.34.

Shares of Calfrac Well Services Ltd (TSE:CFW) traded up C$0.16 during trading on Monday, reaching C$5.96. The company’s stock had a trading volume of 477,549 shares, compared to its average volume of 654,779. Calfrac Well Services Ltd has a fifty-two week low of C$2.23 and a fifty-two week high of C$6.10.

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CFW has been the topic of a number of research reports. National Bank Financial upped their target price on shares of Calfrac Well Services from C$5.75 to C$6.50 and gave the company an “outperform” rating in a research report on Tuesday, September 5th. CIBC upped their target price on shares of Calfrac Well Services from C$4.50 to C$6.75 in a research report on Friday, October 20th. TD Securities upped their target price on shares of Calfrac Well Services from C$6.00 to C$7.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Canaccord Genuity upgraded shares of Calfrac Well Services from a “hold” rating to a “speculative buy” rating and upped their target price for the company from C$5.50 to C$7.00 in a research report on Friday, October 27th. Finally, Royal Bank Of Canada upped their target price on shares of Calfrac Well Services from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$6.42.

About Calfrac Well Services

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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