Cathedral Energy Services (TSE:CET) Price Target Lowered to C$1.50 at ATB Capital

Cathedral Energy Services (TSE:CET) had its target price reduced by ATB Capital from C$1.60 to C$1.50 in a report released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Cathedral Energy Services Stock Performance

Shares of TSE:CET opened at C$0.89 on Friday. The business has a fifty day moving average of C$0.90 and a 200-day moving average of C$0.86. The company has a debt-to-equity ratio of 64.02, a quick ratio of 1.05 and a current ratio of 1.46. Cathedral Energy Services has a twelve month low of C$0.58 and a twelve month high of C$0.98. The firm has a market cap of C$213.90 million, a PE ratio of 11.13, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64.

Cathedral Energy Services (TSE:CET) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.04 earnings per share 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 company had revenue of C$164.96 million during the quarter, compared to analyst estimates of C$148.50 million. On average, equities research analysts predict that Cathedral Energy Services will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at Cathedral Energy Services

In other news, Senior Officer Fawzi Irani sold 131,095 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$0.87, for a total transaction of C$114,052.65. In related news, Senior Officer Lee Harns sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$0.60, for a total value of C$600,000.00. Also, Senior Officer Fawzi Irani sold 131,095 shares of Cathedral Energy Services stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$0.87, for a total transaction of C$114,052.65. Corporate insiders own 21.55% of the company’s stock.

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.