Cathedral Energy Services (TSE:CET) Share Price Crosses Above Two Hundred Day Moving Average of $0.82

Cathedral Energy Services Ltd. (TSE:CET - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

CET has been the subject of a number of research reports. ATB Capital cut their price objective on Cathedral Energy Services from C$1.40 to C$1.30 and set an "outperform" rating for the company in a report on Friday, December 22nd. Atb Cap Markets upgraded shares of Cathedral Energy Services from a "sector perform" rating to an "outperform" rating in a research report on Friday, December 22nd.

Cathedral Energy Services Stock Performance

The company has a 50 day moving average of C$0.89 and a two-hundred day moving average of C$0.82. 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 market capitalization of C$203.77 million, a PE ratio of 22.00, a PEG ratio of -1.64 and a beta of 2.64.

Cathedral Energy Services (TSE:CET - Get Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The company reported C$0.02 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of C$145.42 million during the quarter, compared to analysts' expectations of C$131.67 million. As a group, equities research analysts predict that Cathedral Energy Services Ltd. will post 0.1600688 earnings per share for the current year.

About Cathedral Energy Services

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.