GMP Securities Increases Cathedral Energy Services Ltd (CET) Price Target to C$2.50

Cathedral Energy Services Ltd (TSE:CET) had its price objective boosted by equities research analysts at GMP Securities from C$2.00 to C$2.50 in a research note issued to investors on Monday. GMP Securities’ price target suggests a potential upside of 49.70% from the stock’s previous close.

Shares of Cathedral Energy Services (TSE CET) opened at C$1.67 on Monday. Cathedral Energy Services has a 1 year low of C$0.35 and a 1 year high of C$2.02.

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In other Cathedral Energy Services news, insider Dan Wilks purchased 296,122 shares of the stock in a transaction dated Friday, October 27th. The stock was bought at an average price of C$1.59 per share, for a total transaction of C$470,833.98. In the last quarter, insiders have bought 1,143,622 shares of company stock valued at $1,630,873.

Cathedral Energy Services Company Profile

Cathedral Energy Services Ltd is a Canada-based company, which is engaged in the business of providing selected oilfield services to oil and natural gas exploration and development entities in western Canada and the United States. The Company carries on its activities in Canada and the United States under the name Cathedral Energy Services with operating division Directional Drilling.

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