Scott Douglas Sarjeant Acquires 24,000 Shares of Cathedral Energy Services Ltd (CET) Stock

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Cathedral Energy Services Ltd (TSE:CET) Director Scott Douglas Sarjeant bought 24,000 shares of Cathedral Energy Services stock in a transaction that occurred on Wednesday, October 17th. The stock was bought at an average cost of C$0.74 per share, for a total transaction of C$17,760.00.

Shares of CET stock traded up C$0.04 on Friday, reaching C$0.80. 130,700 shares of the stock were exchanged, compared to its average volume of 69,103. The company has a debt-to-equity ratio of 5.55, a quick ratio of 1.71 and a current ratio of 2.45. Cathedral Energy Services Ltd has a 1-year low of C$0.66 and a 1-year high of C$1.93.

Cathedral Energy Services (TSE:CET) last released its quarterly earnings data on Thursday, August 9th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). The firm had revenue of C$34.97 million during the quarter, compared to analyst estimates of C$39.00 million. Research analysts expect that Cathedral Energy Services Ltd will post 0.109999998552632 EPS for the current year.

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About Cathedral Energy Services

Cathedral Energy Services Ltd., together with its subsidiary, Cathedral Energy Services Inc, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers horizontal, directional, and underbalanced drilling services; and well planning and drilling optimization services.

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