Atb Cap Markets reissued their outperform rating on shares of Cathedral Energy Services (TSE:CET – Get Rating) in a report released on Tuesday morning, PriceTargets.com reports. Atb Cap Markets also issued estimates for Cathedral Energy Services’ Q4 2022 earnings at $0.05 EPS, Q1 2023 earnings at $0.06 EPS, Q2 2023 earnings at $0.05 EPS, Q3 2023 earnings at $0.07 EPS, Q4 2023 earnings at $0.07 EPS, Q1 2024 earnings at $0.07 EPS, Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.29 EPS and FY2025 earnings at $0.31 EPS.
A number of other analysts have also commented on the stock. Stifel Nicolaus boosted their price objective on shares of Cathedral Energy Services from C$1.65 to C$2.25 in a research report on Tuesday, November 15th. Stifel Firstegy reissued a buy rating on shares of Cathedral Energy Services in a research report on Wednesday, September 21st. Finally, Acumen Capital reissued a buy rating and issued a C$1.80 price objective on shares of Cathedral Energy Services in a research report on Tuesday, September 27th.
Cathedral Energy Services Stock Up 2.2 %
Cathedral Energy Services stock opened at C$1.42 on Tuesday. The stock has a market capitalization of C$316.53 million and a PE ratio of 28.40. Cathedral Energy Services has a twelve month low of C$0.44 and a twelve month high of C$1.52. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 77.36. The company has a 50 day moving average of C$1.20 and a 200-day moving average of C$0.86.
Insider Transactions at Cathedral Energy Services
In other news, Director Roderick Donald Maxwell purchased 46,000 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were purchased at an average cost of C$1.20 per share, with a total value of C$55,200.00. Following the completion of the transaction, the director now owns 50,000 shares of the company’s stock, valued at approximately C$60,000.
About Cathedral Energy Services
Cathedral Energy Services Ltd., together with its subsidiary, Cathedral Energy Services Inc, offers directional drilling services to oil and natural gas companies in western Canada and the United States. It provides directional drilling services, motor rentals, automated gamma, remote drilling, drilling optimization, and well planning services.
- Exxon Mobil Expects Earnings and Cash Flow to Grow
- Sorrento Therapeutics, Scilex: 2 Hot Pharma Stocks On the Move
- Is The Great Alibaba Recovery About To Begin?
- KB Home, Another Reason To Shed Home Building Stocks
- Is Wendy’s Stock Uptrend Set To Continue?
Receive News & Ratings for Cathedral Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathedral Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.