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

Cathedral Energy Services Ltd. (TSE:CET) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.82 and traded as high as C$0.89. Cathedral Energy Services shares last traded at C$0.89, with a volume of 74,484 shares trading hands.

Cathedral Energy Services Price Performance

The company has a debt-to-equity ratio of 65.91, a quick ratio of 1.05 and a current ratio of 1.45. The company has a 50-day moving average of C$0.88 and a 200-day moving average of C$0.82. The firm has a market capitalization of C$213.36 million, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64.

Cathedral Energy Services (TSE:CET) last released its earnings results on Tuesday, March 26th. The company reported C$0.02 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.03). The firm had revenue of C$145.42 million during the quarter, compared to the consensus estimate of C$131.67 million. Cathedral Energy Services had a net margin of 1.95% and a return on equity of 6.38%. As a group, research analysts anticipate that Cathedral Energy Services Ltd. will post 0.1600688 EPS for the current fiscal year.

About Cathedral Energy Services

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.