Cathedral Energy Services (CET) Stock Price Down 0.6%

Cathedral Energy Services Ltd. (TSE:CET)’s share price fell 0.6% during mid-day trading on Friday . The stock traded as low as C$1.79 and last traded at C$1.80. 262,569 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 196,154 shares. The stock had previously closed at C$1.81.

Separately, GMP Securities boosted their price objective on Cathedral Energy Services from C$2.00 to C$2.50 in a research report on Monday, November 13th.

The firm has a market cap of $83.70, a PE ratio of 24.43 and a beta of 2.27.

Cathedral Energy Services (TSE:CET) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.03. Cathedral Energy Services had a return on equity of 6.93% and a net margin of 5.05%.

In other Cathedral Energy Services news, Director Randal Harold Pustanyk sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$1.85, for a total transaction of C$148,000.00. Also, insider Dan Wilks purchased 156,200 shares of Cathedral Energy Services stock in a transaction on Wednesday, October 25th. The shares were purchased at an average cost of C$1.37 per share, with a total value of C$213,994.00. Insiders purchased a total of 2,554,822 shares of company stock valued at $4,298,079 over the last quarter.

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About Cathedral Energy Services

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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