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

Shares of Cathedral Energy Services Ltd. (TSE:CET) crossed above its two hundred day moving average during trading on Tuesday . 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$0.88, with a volume of 170,660 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CET shares. 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 dropped their price target on Cathedral Energy Services from C$1.40 to C$1.30 and set an “outperform” rating on the stock in a research report on Friday, December 22nd.

Cathedral Energy Services Price Performance

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 company has a 50-day simple moving average of C$0.89 and a two-hundred day simple moving average of C$0.82. The stock has a market capitalization of C$206.17 million, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64.

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 the consensus estimate of C$0.05 by C($0.03). Cathedral Energy Services had a return on equity of 6.38% and a net margin of 1.95%. The company had revenue of C$145.42 million during the quarter, compared to analyst estimates of C$131.67 million. On average, equities research analysts predict 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.