Glendon Capital Management LP sells 5,000 shares of Calfrac Well Services Ltd. (TSE: CFW)

The insider of Calfrac Well Services Ltd. (TSE:CFW – Get Rating) Glendon Capital Management LP sold 5,000 shares of the company in a trade that took place on Tuesday, September 13. The stock was sold at an average price of C$5.51, for a total value of C$27,541.50. Following the completion of the sale, the insider now directly owns 38,796 shares of the company, valued at approximately C$213,700.01.

Glendon Capital Management LP has also recently completed the following transaction(s):

  • On Wednesday September 7, Glendon Capital Management LP sold 180,325 shares of Calfrac Well Services. The shares were sold at an average price of CA$5.16, for a total value of CA$930,477.00.
  • On Tuesday August 30, Glendon Capital Management LP sold 100,000 shares of Calfrac Well Services. The shares were sold at an average price of CA$5.67, for a total value of CA$567,000.00.

Calfrac Well Services stock down 1.1%

TSE:CFW traded at C$0.06 on Friday, rising to C$5.43. The stock had a trading volume of 17,714 shares, compared to an average volume of 45,999. The stock has a market capitalization of C$212.09 million and a P/E ratio of -2.50. The company has a 50-day moving average of C$4.88 and a 200-day moving average of C$4.83. The company has a current ratio of 1.90, a quick ratio of 1.14 and a debt ratio of 143.97. Calfrac Well Services Ltd. has a 12-month low of C$3.18 and a 12-month high of C$6.45.

Calfrac Well Services (TSE:CFW – Get Rating) last released its quarterly earnings data on Thursday, July 28. The company reported earnings per share (EPS) of C ($0.18) for the quarter, meeting the consensus estimate of C ($0.18). The company posted revenue of C$318.51 million in the quarter, compared to a consensus estimate of C$316.30 million. On average, research analysts predict that Calfrac Well Services Ltd. will show earnings per share of 1.0622182 for the current year.

A Wall Street analyst gives his opinion

A number of brokerages have weighed in on CFW. Stifel Nicolaus raised his price target on Calfrac Well Services from CA$6.00 to CA$7.00 in a research report on Wednesday. Royal Bank of Canada raised its price target on Calfrac Well Services from CA$7.00 to CA$8.00 and gave the company an “industry performance” rating in a report released Wednesday. ATB Capital raised its price target on Calfrac Well Services from CA$7.00 to CA$8.00 in a Friday, July 29 research report. Atb Cap Markets upgraded Calfrac Well Services from an “sector performance” rating to an “outperform” rating in a Tuesday, September 13 report. Finally, BMO Capital Markets raised its price target on Calfrac Well Services from CA$6.00 to CA$6.50 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$7.00.

Calfrac Well Services Company Profile

(Get an assessment)

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.

See also

Insider buying and selling by quarter for Calfrac Well Services (TSE: CFW)

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