Cathedral Energy Services’ (CET) Outperform Rating Reiterated at Atb Cap Markets

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.

Cathedral Energy Services (TSE:CET – Get Rating) last released its quarterly earnings results on Monday, November 14th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.01). The firm had revenue of C$107.85 million for the quarter, compared to the consensus estimate of C$86.00 million. On average, equities research analysts anticipate that Cathedral Energy Services will post 0.3 EPS for the current fiscal year.

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

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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.