Cathedral Energy Services (TSE:CET) Shares Pass Above 200 Day Moving Average of $0.82

Cathedral Energy Services Ltd. (TSE:CET)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.82 and traded as high as C$0.89. Cathedral Energy Services shares last traded at C$0.88, with a volume of 170,660 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. ATB Capital decreased their price target on Cathedral Energy Services from C$1.40 to C$1.30 and set an “outperform” rating on the stock in a research note on Friday, December 22nd. Atb Cap Markets raised Cathedral Energy Services from a “sector perform” rating to an “outperform” rating in a research note on Friday, December 22nd.

Cathedral Energy Services Trading Down 1.1 %

The company has a 50 day moving average price of C$0.89 and a 200 day moving average price of C$0.82. The firm has a market cap of C$210.96 million, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64. The company has a debt-to-equity ratio of 65.91, a quick ratio of 1.05 and a current ratio of 1.45.

Cathedral Energy Services (TSE:CET) last posted its earnings results on Tuesday, March 26th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.03). Cathedral Energy Services had a return on equity of 6.38% and a net margin of 1.95%. The firm had revenue of C$145.42 million for the quarter, compared to analyst estimates of C$131.67 million. On average, research analysts expect that Cathedral Energy Services Ltd. will post 0.1600688 earnings per share for the current year.

About Cathedral Energy Services

Cathedral Energy Services Ltd., together with its subsidiaries, offers directional drilling services to oil and natural gas companies in western Canada and the United States. It provides horizontal and directional drilling services, measurement-while-drilling systems, positive displacement mud motors, rotary steerable systems, drilling jars, shock subs, drill collars, and drilling optimization and well planning services.