Cathedral Energy Services (TSE:CET – Free Report) had its price objective reduced by ATB Capital from C$1.60 to C$1.50 in a research note released on Friday morning, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.
Cathedral Energy Services Price Performance
Shares of CET opened at C$0.89 on Friday. Cathedral Energy Services has a 1-year low of C$0.58 and a 1-year high of C$0.98. The stock has a market cap of C$213.90 million, a PE ratio of 11.13, a P/E/G ratio of -1.64 and a beta of 2.64. The firm has a 50-day simple moving average of C$0.90 and a two-hundred day simple moving average of C$0.86. The company has a debt-to-equity ratio of 64.02, a current ratio of 1.46 and a quick ratio of 1.05.
Cathedral Energy Services (TSE:CET – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.02). Cathedral Energy Services had a net margin of 3.71% and a return on equity of 12.31%. The business had revenue of C$164.96 million during the quarter, compared to analysts’ expectations of C$148.50 million. As a group, analysts forecast that Cathedral Energy Services will post 0.15 EPS for the current year.
Insider Activity
Cathedral Energy Services Company Profile
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.
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