Cathedral Energy Services (TSE:CET) Shares Pass Above 200-Day Moving Average of $0.82

Shares of Cathedral Energy Services Ltd. (TSE:CET) crossed above its 200-day moving average during trading on Wednesday . 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$0.89, with a volume of 74,484 shares traded.

Cathedral Energy Services Stock Performance

The stock’s 50-day moving average price is C$0.88 and its 200-day moving average price is C$0.82. The company has a market cap of C$213.36 million, a P/E ratio of 22.25, a PEG ratio of -1.64 and a beta of 2.64. The company has a debt-to-equity ratio of 65.91, a current ratio of 1.45 and a quick ratio of 1.05.

Cathedral Energy Services (TSE:CET) last announced its earnings results on Tuesday, March 26th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.03). The business had revenue of C$145.42 million during the quarter, compared to the consensus estimate of C$131.67 million. Cathedral Energy Services had a net margin of 1.95% and a return on equity of 6.38%. Equities analysts anticipate that Cathedral Energy Services Ltd. will post 0.1600688 EPS for the current year.

Cathedral Energy Services Company Profile

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.