Cathedral Energy Services (TSE:CET) Shares Pass Above 200 Day Moving Average of $0.82

Cathedral Energy Services Ltd. (TSE:CET)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.82 and traded as high as C$0.89. Cathedral Energy Services shares last traded at C$0.88, with a volume of 170,660 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Atb Cap Markets raised Cathedral Energy Services from a “sector perform” rating to an “outperform” rating in a research report on Friday, December 22nd. ATB Capital lowered their price objective on Cathedral Energy Services from C$1.40 to C$1.30 and set an “outperform” rating for the company in a research report on Friday, December 22nd.

Cathedral Energy Services Stock Performance

The firm has a market cap of C$210.96 million, a PE ratio of 22.00, a P/E/G ratio of -1.64 and a beta of 2.64. The company has a debt-to-equity ratio of 65.91, a current ratio of 1.45 and a quick ratio of 1.05. The stock has a 50-day moving average price of C$0.89 and a 200 day moving average price of C$0.82.

Cathedral Energy Services (TSE:CET) last issued its earnings results on Tuesday, March 26th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.03). Cathedral Energy Services had a net margin of 1.95% and a return on equity of 6.38%. The firm had revenue of C$145.42 million during the quarter, compared to analyst estimates of C$131.67 million. Research analysts forecast that Cathedral Energy Services Ltd. will post 0.1600688 earnings per share for the current year.

Cathedral Energy Services Company Profile

Cathedral Energy Services Ltd., together with its subsidiaries, offers directional drilling services to oil and natural gas companies in western Canada and the United States. It provides horizontal and directional drilling services, measurement-while-drilling systems, positive displacement mud motors, rotary steerable systems, drilling jars, shock subs, drill collars, and drilling optimization and well planning services.