Glendon Capital Management L.P. Sells 5,000 Shares of Calfrac Well Services Ltd. (TSE:CFW) Stock

Calfrac Well Services Ltd. (TSE:CFWGet Rating) insider Glendon Capital Management L.P. sold 5,000 shares of Calfrac Well Services stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of C$5.51, for a total value of C$27,541.50. Following the completion of the transaction, the insider now directly owns 38,796 shares of the company’s stock, valued at C$213,700.01.

Glendon Capital Management L.P. also recently made the following trade(s):

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

Calfrac Well Services Price Performance

Calfrac Well Services stock opened at C$5.45 on Tuesday. The firm has a market capitalization of C$212.87 million and a P/E ratio of -2.51. Calfrac Well Services Ltd. has a 1 year low of C$3.18 and a 1 year high of C$6.45. The business has a 50-day moving average of C$4.90 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-to-equity ratio of 143.97.

Calfrac Well Services (TSE:CFWGet Rating) last posted its earnings results on Thursday, July 28th. The company reported C($0.18) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.18). The company had revenue of C$318.51 million for the quarter, compared to analyst estimates of C$316.30 million. On average, equities analysts anticipate that Calfrac Well Services Ltd. will post 1.0622182 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Atb Cap Markets raised Calfrac Well Services from a “sector perform” rating to an “outperform” rating in a report on Tuesday, September 13th. BMO Capital Markets boosted their price objective on Calfrac Well Services from C$6.00 to C$6.50 in a report on Wednesday, September 14th. ATB Capital boosted their price objective on Calfrac Well Services from C$7.00 to C$8.00 in a report on Friday, July 29th. Royal Bank of Canada boosted their price objective on Calfrac Well Services from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 14th. Finally, Stifel Nicolaus boosted their price objective on Calfrac Well Services from C$6.00 to C$7.00 in a report on Wednesday, September 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Calfrac Well Services has a consensus rating of “Hold” and a consensus target price of C$7.00.

About Calfrac Well Services

(Get Rating)

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 oil and natural gas industries.

See Also

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

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