Insider Buying: Calfrac Well Services Ltd (TSE:CFW) Insider Purchases 754,300 Shares of Stock

Calfrac Well Services Ltd (TSE:CFW) insider Wilks Brothers, Llc bought 754,300 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average price of C$3.37 per share, for a total transaction of C$2,541,991.00.

Shares of Calfrac Well Services Ltd (TSE CFW) traded down 0.30% during mid-day trading on Friday, hitting $3.30. The company had a trading volume of 292,024 shares. Calfrac Well Services Ltd has a 52 week low of $2.23 and a 52 week high of $5.34. The firm’s market capitalization is $451.35 million. The firm has a 50-day moving average price of $3.08 and a 200-day moving average price of $3.44.

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A number of research analysts recently weighed in on CFW shares. CIBC dropped their price target on Calfrac Well Services from C$5.75 to C$4.00 in a research note on Thursday, July 20th. Canaccord Genuity dropped their price target on Calfrac Well Services from C$4.00 to C$3.00 in a research note on Tuesday, July 11th. GMP Securities upped their price target on Calfrac Well Services from C$3.00 to C$4.00 in a research note on Thursday, July 27th. BMO Capital Markets lowered their price objective on Calfrac Well Services from C$5.50 to C$4.50 and set a “market perform” rating for the company in a research note on Thursday, July 27th. Finally, National Bank Financial increased their price objective on Calfrac Well Services from C$4.25 to C$5.75 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$4.77.

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.

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