Cathedral Energy Services (CET) Stock Price, News & Analysis

Company Overview

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. The company's products include nDURANCE motors for formations with poor build tendencies and monobore wells, as well as hard, aggressive, and unconsolidated formations; MWD sensors to determine trajectory parameters, such as inclination, direction, and tool-face orientation; FUSION MWD system, a central data processing unit to which a range of sensors and telemetry options can be connected to provide the data collection and transmission services; and RapidFire, a MWD tool. The company was founded in 1998 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$0.88 to C$0.90
• 50-Day Range: C$0.90 to C$6.39
• 52-Week Range: C$0.62 to C$0.98
• Volume: 283,250 shs
• Average Volume: 323,893 shs
• Market Capitalization: C$216.31 million
• P/E Ratio: 11.25
• Dividend Yield: 17.78%
• Price Target: C$1.50
• Consensus Rating: Buy

CET Stock Analysis - Frequently Asked Questions

How have CET shares performed this year?

Cathedral Energy Services' stock was trading at C$0.70 on January 1st, 2024. Since then, CET stock has increased by 28.6% and is now trading at C$0.90.
View the best growth stocks for 2024 here.

How do I buy shares of Cathedral Energy Services?

Shares of CET stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Cathedral Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cathedral Energy Services investors own include Toronto-Dominion Bank (TD), Baytex Energy (BTE), Kirkland Lake Gold (KL), Meta Platforms (META), Whitecap Resources (WCP), Aurora Cannabis (ACB) and AltaGas (ALA).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Drilling
• Sub-Industry: Financial Services
• Current Symbol: TSE:CET
• CUSIP: N/A
• CIK: N/A
• Web: www.cathedralenergyservices.com
• Phone: +1-403-2652560
• Fax: N/A
• Employees: 6
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$1.50
• High Stock Price Target: C$1.50
• Low Stock Price Target: C$1.50
• Potential Upside/Downside: +66.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.08
• Trailing P/E Ratio: 11.25
• Forward P/E Ratio: 6.00
• P/E Growth: -1.64
• Net Income: C$21.42 million
• Net Margins: 3.71%
• Pretax Margin: N/A
• Return on Equity: 12.31%
• Return on Assets: 8.07%

Debt

• Debt-to-Equity Ratio: 64.02
• Current Ratio: 1.46
• Quick Ratio: 1.05

Sales & Book Value

• Annual Sales: C$577.31 million
• Price / Sales: 0.37
• Cash Flow: C$0.03 per share
• Price / Cash Flow: 32.86
• Book Value: C$0.80 per share
• Price / Book: 1.13

Miscellaneous

• Outstanding Shares: 240,340,000
• Free Float: N/A
• Market Cap: C$216.31 million
• Optionable: Not Optionable
• Beta: 2.64