Cathedral Energy Services (TSE:CET) Stock Price Up 1.1% – Still a Buy?

Posted by Trevor Kearing on Oct 14th, 2024

Cathedral Energy Services Ltd. (TSE:CET – Get Free Report) shares rose 1.1% during mid-day trading on Monday . The company traded as high as C$0.90 and last traded at C$0.90. Approximately 283,250 shares traded hands during trading, a decline of 13% from the average daily volume of 323,893 shares. The stock had previously closed at C$0.89.

Analyst Upgrades and Downgrades

Separately, ATB Capital lowered their price objective on Cathedral Energy Services from C$1.60 to C$1.50 and set an “outperform” rating on the stock in a research report on Friday, June 28th.

View Our Latest Stock Report on CET

Cathedral Energy Services Price Performance

The company has a debt-to-equity ratio of 64.02, a current ratio of 1.46 and a quick ratio of 1.05. The firm has a market capitalization of C$216.31 million, a price-to-earnings ratio of 11.25, a PEG ratio of -1.64 and a beta of 2.64. The stock has a 50 day moving average price of C$5.89 and a two-hundred day moving average price of C$3.27.

Cathedral Energy Services Company Profile

(Get Free Report)

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.