Stifel Firstegy Reiterates “Buy” Rating for Cathedral Energy Services (TSE:CET)

Cathedral Energy Services (TSE:CETGet Rating)‘s stock had its “buy” rating reissued by stock analysts at Stifel Firstegy in a report released on Wednesday, PriceTargets.com reports. Stifel Firstegy also issued estimates for Cathedral Energy Services’ Q3 2022 earnings at $0.05 EPS, Q4 2022 earnings at $0.05 EPS, FY2022 earnings at $0.12 EPS and FY2023 earnings at $0.18 EPS.

Separately, Stifel Nicolaus set a C$1.65 price objective on Cathedral Energy Services and gave the company a “buy” rating in a research report on Thursday.

Cathedral Energy Services Stock Performance

CET opened at C$0.70 on Wednesday. The stock has a market cap of C$150.45 million and a PE ratio of 70.00. The company has a current ratio of 1.77, a quick ratio of 1.28 and a debt-to-equity ratio of 31.17. Cathedral Energy Services has a 1 year low of C$0.34 and a 1 year high of C$0.99. The stock’s 50 day simple moving average is C$0.66 and its 200-day simple moving average is C$0.69.

Insiders Place Their Bets

In other news, Senior Officer Kevin Michael Miller sold 40,500 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of C$0.70, for a total transaction of C$28,350.00. Following the transaction, the insider now owns 5,400 shares of the company’s stock, valued at C$3,780.

About Cathedral Energy Services

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

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