Cathedral Energy Services Ltd (TSE:CET) fell 9% during trading on Friday . The stock traded as low as C$1.15 and last traded at C$1.22. 175,460 shares traded hands during trading, an increase of 25% from the average session volume of 139,963 shares. The stock had previously closed at C$1.34.

Separately, GMP Securities boosted their price target on Cathedral Energy Services from C$2.00 to C$2.50 in a research note on Monday, November 13th.

The stock has a market cap of $67.55, a P/E ratio of 17.29 and a beta of 2.16.

Cathedral Energy Services (TSE:CET) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.01 by C$0.03. The business had revenue of C$36.02 million for the quarter, compared to analyst estimates of C$35.89 million. Cathedral Energy Services had a return on equity of 6.93% and a net margin of 5.05%.

In other news, insider Dan Wilks purchased 69,700 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of C$1.66 per share, with a total value of C$115,702.00. Also, Director Randal Harold Pustanyk sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$1.85, for a total value of C$148,000.00. Insiders have bought a total of 2,040,500 shares of company stock worth $3,515,291 in the last three months.

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About Cathedral Energy Services

Cathedral Energy Services Ltd is a Canada-based company, which is engaged in the business of providing selected oilfield services to oil and natural gas exploration and development entities in western Canada and the United States. The Company carries on its activities in Canada and the United States under the name Cathedral Energy Services with operating division Directional Drilling.

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