Cathedral Energy Services (TSE:CET) Hits New 12-Month High at $6.85

Shares of Cathedral Energy Services Ltd. (TSE:CET) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.85 and last traded at C$6.85, with a volume of 8100 shares. The stock had previously closed at C$6.70.

Analyst Upgrades and Downgrades

Separately, ATB Capital reduced their target price on Cathedral Energy Services from C$1.60 to C$1.50 and set an “outperform” rating for the company in a report on Friday, June 28th.

Cathedral Energy Services Price Performance

The stock’s 50 day moving average is C$2.29 and its two-hundred day moving average is C$1.37. The stock has a market capitalization of C$1.65 billion, a PE ratio of 83.75, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64. The company has a debt-to-equity ratio of 64.02, a current ratio of 1.46 and a quick ratio of 1.05.

Cathedral Energy Services (TSE:CET) last posted its earnings results 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). The business had revenue of C$164.96 million for the quarter, compared to analysts’ expectations of C$148.50 million. Cathedral Energy Services had a return on equity of 12.31% and a net margin of 3.71%. As a group, sell-side analysts forecast that Cathedral Energy Services Ltd. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Cathedral Energy Services

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

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.