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

Cathedral Energy Services (TSE:CETGet Rating)‘s stock had its “buy” rating reaffirmed by Stifel Firstegy in a research report issued to clients and investors 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 target price on Cathedral Energy Services and gave the company a “buy” rating in a research note on Thursday.

Cathedral Energy Services Stock Performance

Shares of CET opened at C$0.70 on Wednesday. The company has a debt-to-equity ratio of 31.17, a current ratio of 1.77 and a quick ratio of 1.28. The stock has a market capitalization of C$150.45 million and a PE ratio of 70.00. Cathedral Energy Services has a 12-month low of C$0.34 and a 12-month high of C$0.99. The business’s fifty day moving average price is C$0.66 and its 200 day moving average price is C$0.69.

Insider Buying and Selling at Cathedral Energy Services

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

Cathedral Energy Services Company Profile

(Get Rating)

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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