FY2024 EPS Estimates for Cathedral Energy Services Ltd. (TSE:CET) Reduced by Analyst

Cathedral Energy Services Ltd. (TSE:CET) – Equities research analysts at Cormark lowered their FY2024 earnings per share estimates for Cathedral Energy Services in a report released on Thursday, March 28th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of $0.16 for the year, down from their prior estimate of $0.21. The consensus estimate for Cathedral Energy Services’ current full-year earnings is $0.23 per share. Cormark also issued estimates for Cathedral Energy Services’ FY2025 earnings at $0.22 EPS.

A number of other brokerages have also commented on CET. ATB Capital cut their price target on Cathedral Energy Services from C$1.40 to C$1.30 and set an “outperform” rating on the stock in a research note on Friday, December 22nd. Atb Cap Markets raised Cathedral Energy Services from a “sector perform” rating to an “outperform” rating in a research note on Friday, December 22nd.

Cathedral Energy Services Stock Performance

TSE:CET opened at C$0.89 on Friday. The stock’s 50-day simple moving average is C$0.88 and its 200 day simple moving average is C$0.82. The firm has a market capitalization of C$215.08 million, a PE ratio of 9.89, a price-to-earnings-growth ratio of -1.64 and a beta of 2.66. The company has a quick ratio of 1.05, a current ratio of 1.40 and a debt-to-equity ratio of 68.16. Cathedral Energy Services has a twelve month low of C$0.56 and a twelve month high of C$1.08.

About Cathedral Energy Services

Cathedral Energy Services Ltd., together with its subsidiaries, offers directional drilling services to oil and natural gas companies in western Canada and the United States. It provides horizontal and directional drilling services, measurement-while-drilling systems, positive displacement mud motors, rotary steerable systems, drilling jars, shock subs, drill collars, and drilling optimization and well planning services.