Stifel Firstegy Brokers Reduce Earnings Estimates for Cathedral Energy Services Ltd. (TSE:CET)

Cathedral Energy Services Ltd. (TSE:CET – Get Rating) – Investment analysts at Stifel Firstegy decreased their FY2022 earnings per share (EPS) estimates for Cathedral Energy Services in a report released on Tuesday, January 17th. Stifel Firstegy analyst C. Pereira now anticipates that the company will post earnings per share of $0.10 for the year, down from their prior forecast of $0.15. The consensus estimate for Cathedral Energy Services’ current full-year earnings is $0.30 per share. Stifel Firstegy also issued estimates for Cathedral Energy Services’ FY2024 earnings at $0.38 EPS.

Other analysts have also issued research reports about the stock. Stifel Nicolaus upped their target price on shares of Cathedral Energy Services from C$1.65 to C$2.25 in a report on Tuesday, November 15th. Acumen Capital reaffirmed a “buy” rating and issued a C$1.80 price target on shares of Cathedral Energy Services in a report on Tuesday, September 27th. ATB Capital lowered their price objective on Cathedral Energy Services from C$2.35 to C$2.30 in a research report on Monday, January 16th. Finally, Atb Cap Markets restated an “outperform” rating on shares of Cathedral Energy Services in a research report on Tuesday, January 10th.

Cathedral Energy Services Trading Down 2.2 %

Shares of Cathedral Energy Services stock opened at C$1.33 on Friday. The company’s 50-day moving average price is C$1.23 and its 200-day moving average price is C$0.90. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 77.36. Cathedral Energy Services has a 12-month low of C$0.44 and a 12-month high of C$1.52. The company has a market cap of C$296.47 million and a price-to-earnings ratio of 26.60.

Cathedral Energy Services (TSE:CET – Get Rating) last issued its earnings results on Monday, November 14th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.01). The business had revenue of C$107.85 million during the quarter, compared to analyst estimates of C$86.00 million.

Insider Buying and Selling at Cathedral Energy Services

In related news, Director Roderick Donald Maxwell purchased 46,000 shares of the firm’s stock in a transaction dated Tuesday, December 6th. The shares were purchased at an average price of C$1.20 per share, with a total value of C$55,200.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at C$60,000.

Cathedral Energy Services Company Profile

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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.