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

Cathedral Energy Services Ltd. (TSE:CET) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.82 and traded as high as C$0.90. Cathedral Energy Services shares last traded at C$0.89, with a volume of 51,166 shares.

Cathedral Energy Services Stock Down 2.2 %

The firm has a market capitalization of C$208.57 million, a price-to-earnings ratio of 21.75, 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. The business’s 50 day moving average is C$0.88 and its 200-day moving average is C$0.82.

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 the consensus estimate of C$0.05 by C($0.03). Cathedral Energy Services had a net margin of 1.95% and a return on equity of 6.38%. The business had revenue of C$145.42 million during the quarter, compared to analyst estimates of C$131.67 million. Equities analysts anticipate that Cathedral Energy Services Ltd. will post 0.1564748 EPS for the current fiscal year.

About Cathedral Energy Services

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.