Should I buy or sell Cathedral Energy Services stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathedral Energy Services in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CET shares. View CET analyst ratings or view top-rated stocks .

What is Cathedral Energy Services' stock price target for 2024?

2 brokerages have issued twelve-month target prices for Cathedral Energy Services' shares. Their CET share price targets range from C$1.40 to C$2.25. On average, they expect the company's stock price to reach C$1.77 in the next year. This suggests a possible upside of 142.0% from the stock's current price. View analysts price targets for CET or view top-rated stocks among Wall Street analysts .

How have CET shares performed in 2023?

Cathedral Energy Services' stock was trading at C$1.26 at the start of the year. Since then, CET stock has decreased by 42.1% and is now trading at C$0.73. View the best growth stocks for 2023 here .

When is Cathedral Energy Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 12th 2024. View our CET earnings forecast .

How were Cathedral Energy Services' earnings last quarter?

Cathedral Energy Services Ltd. (TSE:CET) issued its earnings results on Thursday, November, 9th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.02. The firm had revenue of $145.59 million for the quarter, compared to analysts' expectations of $139.63 million. Cathedral Energy Services had a net margin of 3.69% and a trailing twelve-month return on equity of 11.92%.

Is Cathedral Energy Services a good dividend stock?

Cathedral Energy Services (TSE:CET) pays an annual dividend of C$0.16 per share and currently has a dividend yield of 36.36%. CET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 177.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for CET .

What other stocks do shareholders of Cathedral Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathedral Energy Services investors own include Kirkland Lake Gold (KL) , Baytex Energy (BTE) , Aurora Cannabis (ACB) , Whitecap Resources (WCP) , AltaGas (ALA) , Alimentation Couche-Tard (ATD.B) , Athabasca Oil (ATH) , Bellatrix Exploration (BXE) , General Electric (GE) and Obsidian Energy (OBE) .

How do I buy shares of Cathedral Energy Services?

Shares of CET stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Cathedral Energy Services Stock Price, News & Analysis (TSE:CET)

C$0.73

+0.02 (+2.82%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$0.72
▼
C$0.74
50-Day Range: C$0.71
▼
C$0.86
52-Week Range: C$0.56
▼
C$1.52

Volume: 120,087 shs
Average Volume: 393,758 shs
Market Capitalization: C$176.41 million

P/E Ratio: 8.11
Dividend Yield: 21.92%
Price Target: C$1.77

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Cathedral Energy Services MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 142.0% Upside
C$1.77 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.24
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$142,000 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Cathedral Energy Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$1.77, Cathedral Energy Services has a forecasted upside of 142.0% from its current price of C$0.73.
Amount of Analyst Coverage
Cathedral Energy Services has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CET.

1.7

Dividend Strength

Dividend Leadership
Cathedral Energy Services is a leading dividend payer. It pays a dividend yield of 36.36%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cathedral Energy Services does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cathedral Energy Services is 177.78%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CET.

2.9

News and Social Media Coverage

News Sentiment
Cathedral Energy Services has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Cathedral Energy Services this week, compared to 0 articles on an average week.
Search Interest
Only 1 people have searched for CET on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cathedral Energy Services insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$142,000.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
25.55% of the stock of Cathedral Energy Services is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 12.19% of the stock of Cathedral Energy Services is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cathedral Energy Services is 8.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cathedral Energy Services is 8.11, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 115.71.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Cathedral Energy Services, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Cathedral Energy Services has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cathedral Energy Services Stock (TSE:CET)

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. The company was founded in 1998 and is headquartered in Calgary, Canada.

CET Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CET Stock News Headlines

December 6, 2023 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About Cathedral Energy Services Ltd. (TSE:CET)?

December 5, 2023 | americanbankingnews.com

Cathedral Energy Services Ltd. (TSE:CET) Director Roderick Donald Maxwell Purchases 179,500 Shares of Stock

December 9, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 25, 2023 | msn.com

Cathedral to re-open after 22-month transformation

November 9, 2023 | finance.yahoo.com

Cathedral Energy Services Ltd. Reports Third Quarter Results

August 31, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd flat on Wednesday (CET)

August 7, 2023 | seekingalpha.com

CET:CA Cathedral Energy Services Ltd.

July 13, 2023 | markets.businessinsider.com

Cathedral Energy Services (CET) Receives a Buy from Stifel Nicolaus

December 9, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

July 13, 2023 | finance.yahoo.com

CATHEDRAL ENERGY SERVICES COMMENCES A NORMAL COURSE ISSUER BID

June 27, 2023 | finance.yahoo.com

Resource Equity Partners Reaffirms Need for Change at Cathedral Energy Services Ltd.

June 9, 2023 | msn.com

STIFEL CANADA Maintains Cathedral Energy Service (TSX:CET) Buy Recommendation

May 19, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd flat on Friday (CET)

May 18, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd up on Wednesday (CET)

May 10, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd flat on Tuesday (CET)

May 9, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd up on Monday (CET)

April 29, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd down on Friday (CET)

April 24, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd Wts up on Monday (CET-WT)

April 19, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd Wts down on Tuesday (CET-WT)

April 19, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd down on Tuesday (CET)

April 15, 2023 | finance.yahoo.com

Cathedral Energy Services (TSE:CET) shareholders have earned a 116% CAGR over the last three years

April 12, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd Wts flat on Thursday (CET-WT)

April 12, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd up on Tuesday (CET)

April 10, 2023 | msn.com

TFSA: 3 Top TSX Stocks for Your $6,500 Contribution

April 6, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd down on Wednesday (CET)

March 19, 2023 | finance.yahoo.com

Cathedral Energy Services (TSE:CET) Shareholders Will Want The ROCE Trajectory To Continue

March 15, 2023 | abcnews.go.com

Paris: Notre Dame Cathedral set to reopen in December 2024

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/09/2023
Next Earnings (Estimated): 4/12/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas Drilling
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:CET
CUSIP: N/A
CIK: N/A
Web: www.cathedralenergyservices.com
Phone: +1-403-2652560
Fax: N/A
Employees: 47,230
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$1.77
High Stock Price Target: C$2.25
Low Stock Price Target: C$1.40
Potential Upside/Downside: +142.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.09
Trailing P/E Ratio: 8.11
Forward P/E Ratio: 2.92
P/E Growth: -1.64
Net Income: C$19.13 million
Net Margins: 3.69%
Pretax Margin: N/A
Return on Equity: 11.92%
Return on Assets: 5.43%

Debt

Debt-to-Equity Ratio: 68.16
Current Ratio: 1.40
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: C$518.41 million
Price / Sales: 0.34
Cash Flow: C$0.02 per share
Price / Cash Flow: 32.86
Book Value: C$0.75 per share
Price / Book: 0.97

Miscellaneous

Outstanding Shares: 241,660,000
Free Float: N/A
Market Cap: C$176.41 million
Optionable: Not Optionable
Beta: 2.66

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Key Executives

Mr. Roderick Donald Maxwell C.A.
CPA, CA, CBV, Executive Chairman
Mr. Thomas J. Connors
President, CEO & Director
Mr. Randal H. Pustanyk
Co-Founder, Executive VP & Corporate Secretary
Mr. Fawzi Irani M.B.A.
P.Eng., Senior Vice President of U.S. Operations
Mr. W. Lee Harns
President of Altitude Energy Partners -US Operations
Mr. P. Scott MacFarlane
Interim Chief Financial Officer
Mr. Kevin Miller CA
Director of Finance & Accounting
Mr. David Diachok
Vice President of Sales
Mr. Michael James Hearn
Senior Vice President of Corporate Development

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CET Stock Analysis - Frequently Asked Questions

Should I buy or sell Cathedral Energy Services stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathedral Energy Services in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CET shares.
View CET analyst ratings or view top-rated stocks.
What is Cathedral Energy Services' stock price target for 2024?: 2 brokerages have issued twelve-month target prices for Cathedral Energy Services' shares. Their CET share price targets range from C$1.40 to C$2.25. On average, they expect the company's stock price to reach C$1.77 in the next year. This suggests a possible upside of 142.0% from the stock's current price.
View analysts price targets for CET or view top-rated stocks among Wall Street analysts.
How have CET shares performed in 2023?: Cathedral Energy Services' stock was trading at C$1.26 at the start of the year. Since then, CET stock has decreased by 42.1% and is now trading at C$0.73.
View the best growth stocks for 2023 here.
When is Cathedral Energy Services' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, April 12th 2024.
View our CET earnings forecast.

How were Cathedral Energy Services' earnings last quarter?: Cathedral Energy Services Ltd. (TSE:CET) issued its earnings results on Thursday, November, 9th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.02. The firm had revenue of $145.59 million for the quarter, compared to analysts' expectations of $139.63 million. Cathedral Energy Services had a net margin of 3.69% and a trailing twelve-month return on equity of 11.92%.
Is Cathedral Energy Services a good dividend stock?: Cathedral Energy Services (TSE:CET) pays an annual dividend of C$0.16 per share and currently has a dividend yield of 36.36%. CET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 177.78%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CET.
What other stocks do shareholders of Cathedral Energy Services own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cathedral Energy Services investors own include Kirkland Lake Gold (KL), Baytex Energy (BTE), Aurora Cannabis (ACB), Whitecap Resources (WCP), AltaGas (ALA), Alimentation Couche-Tard (ATD.B), Athabasca Oil (ATH), Bellatrix Exploration (BXE), General Electric (GE) and Obsidian Energy (OBE).
How do I buy shares of Cathedral Energy Services?: Shares of CET stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CET) was last updated on 12/9/2023 by MarketBeat.com Staff

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Cathedral Energy Services Stock Price, News & Analysis (TSE:CET)

Cathedral Energy Services MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Cathedral Energy Services Stock (TSE:CET)

CET Stock Price History

CET Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CET Stock Analysis - Frequently Asked Questions

Overall MarketRank^™