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

Cathedral Energy Services Ltd. (TSE:CET) 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.

Analysts Set New Price Targets

CET has been the subject of several recent research reports. Atb Cap Markets raised shares of Cathedral Energy Services from a “sector perform” rating to an “outperform” rating in a research note on Friday, December 22nd. ATB Capital lowered their price objective on shares of Cathedral Energy Services from C$1.40 to C$1.30 and set an “outperform” rating for the company in a research note on Friday, December 22nd.

Cathedral Energy Services Trading Up 1.2 %

The company’s 50 day moving average price is C$0.89 and its 200 day moving average price is C$0.82. The company has a debt-to-equity ratio of 65.91, a current ratio of 1.45 and a quick ratio of 1.05. The firm has a market cap of C$206.17 million, a PE ratio of 21.50, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64.

Cathedral Energy Services (TSE:CET) last issued its quarterly earnings results on Tuesday, March 26th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$131.67 million. As a group, analysts forecast that Cathedral Energy Services Ltd. will post 0.1600688 EPS for the current fiscal 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.