In a research note sent out to investors on September 21, stock research analysts from Stifel Firstegy provided an estimate of Cathedral Energy Services’ earnings per share for the third quarter of 2022. This estimate was included in the research note. According to projections by C. Pereira of Stifel Firstegy, the company is expected to generate $0.05 per share in the third quarter. Stifel FirstEgy presently recommends “Buy” on the share price of the company in question. According to the consensus of financial analysts’ forecasts, Cathedral Energy Services is expected to report a loss of $0.23 per share for the current fiscal year’s full-year earnings. In addition, Stifel Firstegy anticipates that Cathedral Energy Services will earn $0.05 per share during the fourth quarter of 2022, $0.12 per share during the entire year of 2022, and $0.18 per share during the entire year of 2023. These earnings projections are based on the company’s share price.
When trading started on Friday, the cost of purchasing a share of CET stock was $0.70. Over the past 200 days, the stock price has had a simple moving average of $0.69; over the last 50 days, the price has fluctuated between $0.66 and $0.66. As a result, theret-to-equity ratio comes in at 31.17, a quick ratio that comes in at 1.28, a current ratio that comes in at 1.77, and a quick ratio that comes in at 1.28. In addition, cathedral Energy Services’ share price over the past 52 weeks has fluctuated between $0.34 and $0.99, hitting an all-time low of $0.34 and a new all-time high of $0.99. The company’s price-to-earnings ratio is 70.00, and its market value is estimated at 150.45 million Canadian dollars.
In a separate event on Thursday, Stifel Nicolaus gave shares of Cathedral Energy Services a “buy” rating and set a price goal of 1.65 Canadian dollars per share for the company.
On Tuesday, August 16, Senior Officer Kevin Michael Miller sold 40,500 shares of company stock. This was reported in a separate piece of news. The deal was finalized on the sixteenth of the month. The sale of the shares resulted in a total of 28,350.00 Canadian dollars collected, which works out to 0.70 Canadian dollars being received for each share. Following the completion of the transaction, the insider will have direct ownership of 5,400 shares of the company, which have a combined value of $3,780.
Both Cathedral Energy Services Ltd. and Cathedral Energy Services Inc., a wholly owned subsidiary of Cathedral Energy Services Ltd., offer directional drilling services to oil and gas companies in western Canada and the United States. Cathedral Energy Services Ltd wholly owns Cathedral Energy Services Inc.. It offers a wide range of services, such as well planning, remote drilling, automated gamma, motor rentals, directional drilling, and optimizing drilling.