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$6.55
• 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

Cathedral Energy Services Stock Analysis - MarketRank™

Cathedral Energy Services scored higher than 51% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Cathedral Energy Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cathedral Energy Services has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cathedral Energy Services is 11.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cathedral Energy Services is 11.25, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 110.84.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for Cathedral Energy Services, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

Cathedral Energy Services has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CET.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Cathedral Energy Services is a leading dividend payer. It pays a dividend yield of 36.36%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Cathedral Energy Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cathedral Energy Services is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CET.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 1 people have searched for CET on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cathedral Energy Services insiders have not sold or bought any company stock.

Percentage Held by Insiders

21.55% of the stock of Cathedral Energy Services is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 14.10% of the stock of Cathedral Energy Services is held by institutions.

CET Stock Analysis - Frequently Asked Questions

How have CET shares performed this year?

Cathedral Energy Services' stock was trading at C$0.70 at the beginning of 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.
Compare Top Brokerages Here.

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