TSE:CET

Cathedral Energy Services (CET) Stock Price, News & Analysis

C$0.88
0.00 (0.00%)
(As of 04/23/2024 ET)
Today's Range
C$0.87
C$0.88
50-Day Range
C$0.85
C$0.93
52-Week Range
C$0.56
C$1.01
Volume
70,503 shs
Average Volume
215,663 shs
Market Capitalization
C$210.96 million
P/E Ratio
22.00
Dividend Yield
18.18%
Price Target
C$1.73

Cathedral Energy Services MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
97.0% Upside
C$1.73 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.17 out of 5 stars

CET stock logo

About Cathedral Energy Services Stock (TSE:CET)

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. The company's products include nDURANCE motors for formations with poor build tendencies and monobore wells, as well as hard, aggressive, and unconsolidated formations; MWD sensors to determine trajectory parameters, such as inclination, direction, and tool-face orientation; FUSION MWD system, a central data processing unit to which a range of sensors and telemetry options can be connected to provide the data collection and transmission services; and RapidFire, a MWD tool. The company was founded in 1998 and is headquartered in Calgary, Canada.

CET Stock Price History

CET Stock News Headlines

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Cathedral Energy Services (CET) Receives a Buy from Stifel Nicolaus
See More Headlines
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Company Calendar

Last Earnings
3/26/2024
Today
4/24/2024
Next Earnings (Estimated)
5/09/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Drilling
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
47,230
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$1.73
High Stock Price Target
C$2.25
Low Stock Price Target
C$1.30
Potential Upside/Downside
+97.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
C$10.63 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$545.30 million
Cash Flow
C$0.03 per share
Book Value
C$0.74 per share

Miscellaneous

Free Float
N/A
Market Cap
C$210.96 million
Optionable
Not Optionable
Beta
2.64
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Key Executives

  • Mr. Thomas J. Connors
    President, CEO & Director
  • Mr. W. Lee Harns
    President of Altitude Energy Partners
  • Mr. Clark Tyler
    Executive Vice President of Altitude Energy Partners - US Operations
  • Mr. Michael James Hearn
    Senior Vice President of Corporate Development
  • Mr. Fawzi Irani M.B.A.
    P.Eng., President of Discovery Downhole Services
  • Vaugn Spengler
    Senior Vice President of Canadian Operations
  • Manoj Gopalan
    President of Rime Downhole Technologies

CET Stock Analysis - Frequently Asked Questions

Should I buy or sell Cathedral Energy Services stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cathedral Energy Services in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CET shares.
View CET analyst ratings
or view top-rated stocks.

What is Cathedral Energy Services' stock price target for 2024?

3 brokerages have issued twelve-month target prices for Cathedral Energy Services' stock. Their CET share price targets range from C$1.30 to C$2.25. On average, they anticipate the company's stock price to reach C$1.73 in the next year. This suggests a possible upside of 97.0% from the stock's current price.
View analysts price targets for CET
or view top-rated stocks among Wall Street analysts.

How have CET shares performed in 2024?

Cathedral Energy Services' stock was trading at C$0.70 on January 1st, 2024. Since then, CET stock has increased by 25.7% and is now trading at C$0.88.
View the best growth stocks for 2024 here
.

When is Cathedral Energy Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CET earnings forecast
.

How were Cathedral Energy Services' earnings last quarter?

Cathedral Energy Services Ltd. (TSE:CET) posted its quarterly earnings results on Tuesday, March, 26th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.03. The firm had revenue of $145.42 million for the quarter, compared to the consensus estimate of $131.67 million. Cathedral Energy Services had a trailing twelve-month return on equity of 6.38% and a net margin of 1.95%.

Is Cathedral Energy Services a good dividend stock?

Cathedral Energy Services (TSE:CET) pays an annual dividend of C$0.16 per share and currently has a dividend yield of 36.36%. CET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CET.

What other stocks do shareholders of Cathedral Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathedral Energy Services investors own include Kirkland Lake Gold (KL), Baytex Energy (BTE), Aurora Cannabis (ACB), Whitecap Resources (WCP), AltaGas (ALA), Alimentation Couche-Tard (ATD.B), Athabasca Oil (ATH), Bellatrix Exploration (BXE), General Electric (GE) and Obsidian Energy (OBE).

How do I buy shares of Cathedral Energy Services?

Shares of CET stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CET) was last updated on 4/24/2024 by MarketBeat.com Staff

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