Should I buy or sell Cathedral Energy Services stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathedral Energy Services in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CET shares. View CET analyst ratings or view top-rated stocks .

What is Cathedral Energy Services' stock price target for 2024?

3 Wall Street analysts have issued twelve-month price targets for Cathedral Energy Services' stock. Their CET share price targets range from C$1.30 to C$2.25. On average, they expect the company's share price to reach C$1.73 in the next year. This suggests a possible upside of 94.8% from the stock's current price. View analysts price targets for CET or view top-rated stocks among Wall Street analysts .

How have CET shares performed in 2024?

Cathedral Energy Services' stock was trading at C$0.70 on January 1st, 2024. Since then, CET shares have increased by 27.1% and is now trading at C$0.89. View the best growth stocks for 2024 here .

When is Cathedral Energy Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our CET earnings forecast .

How were Cathedral Energy Services' earnings last quarter?

Cathedral Energy Services Ltd. (TSE:CET) released its quarterly earnings data on Tuesday, March, 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.03. The business had revenue of $145.42 million for the quarter, compared to analysts' expectations of $131.67 million. Cathedral Energy Services had a trailing twelve-month return on equity of 6.38% and a net margin of 1.95%.

Is Cathedral Energy Services a good dividend stock?

Cathedral Energy Services (TSE:CET) pays an annual dividend of C$0.16 per share and currently has a dividend yield of 36.36%. CET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for CET .

What other stocks do shareholders of Cathedral Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathedral Energy Services investors own include Kirkland Lake Gold (KL) , Baytex Energy (BTE) , Aurora Cannabis (ACB) , Whitecap Resources (WCP) , AltaGas (ALA) , Alimentation Couche-Tard (ATD.B) , Athabasca Oil (ATH) , Bellatrix Exploration (BXE) , General Electric (GE) and Obsidian Energy (OBE) .

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 .

TSE:CET

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

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Free CET Stock Alerts

C$0.87

+0.02 (+2.35%)

(As of 01:09 PM ET)

Compare

Today's Range: C$0.86
▼
C$0.89
50-Day Range: C$0.85
▼
C$0.93
52-Week Range: C$0.56
▼
C$1.01

Volume: 2,164 shs
Average Volume: 220,145 shs
Market Capitalization: C$208.57 million

P/E Ratio: 21.75
Dividend Yield: 18.39%
Price Target: C$1.73

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Get Cathedral Energy Services alerts:

Cathedral Energy Services MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 94.8% Upside
C$1.73 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.23 out of 5 stars

3.5

Analyst's Opinion

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 3 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.

N/A

Short Interest

Short Interest
There is no current short interest data available for CET.

1.7

Dividend Strength

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 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CET.

3.5

News and Social Media Coverage

News Sentiment
Cathedral Energy Services has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Cathedral Energy Services this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for CET on MarketBeat in the last 30 days.

1.7

Company Ownership

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
21.69% 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 14.13% of the stock of Cathedral Energy Services is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cathedral Energy Services is 22.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cathedral Energy Services is 22.25, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 97.69.
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 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Cathedral Energy Services Stock (TSE:CET)

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. The company was founded in 1998 and is headquartered in Calgary, Canada.

CET Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CET Stock News Headlines

April 17, 2024 | americanbankingnews.com

Cathedral Energy Services (TSE:CET) Shares Pass Above 200 Day Moving Average of $0.82

April 9, 2024 | americanbankingnews.com

Cathedral Energy Services (TSE:CET) Stock Price Crosses Above Two Hundred Day Moving Average of $0.82

April 18, 2024 | Crypto 101 Media (Ad)

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March 21, 2024 | finance.yahoo.com

Those who invested in Cathedral Energy Services (TSE:CET) three years ago are up 211%

December 30, 2023 | morningstar.com

Cathedral Energy Services Ltd CET

December 6, 2023 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About Cathedral Energy Services Ltd. (TSE:CET)?

November 25, 2023 | msn.com

Cathedral to re-open after 22-month transformation

November 9, 2023 | finance.yahoo.com

Cathedral Energy Services Ltd. Reports Third Quarter Results

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August 31, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd flat on Wednesday (CET)

August 7, 2023 | seekingalpha.com

CET:CA Cathedral Energy Services Ltd.

July 13, 2023 | markets.businessinsider.com

Cathedral Energy Services (CET) Receives a Buy from Stifel Nicolaus

July 13, 2023 | finance.yahoo.com

CATHEDRAL ENERGY SERVICES COMMENCES A NORMAL COURSE ISSUER BID

June 27, 2023 | finance.yahoo.com

Resource Equity Partners Reaffirms Need for Change at Cathedral Energy Services Ltd.

June 9, 2023 | msn.com

STIFEL CANADA Maintains Cathedral Energy Service (TSX:CET) Buy Recommendation

May 19, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd flat on Friday (CET)

May 18, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd up on Wednesday (CET)

May 10, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd flat on Tuesday (CET)

May 9, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd up on Monday (CET)

April 29, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd down on Friday (CET)

April 24, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd Wts up on Monday (CET-WT)

April 19, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd Wts down on Tuesday (CET-WT)

April 19, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd down on Tuesday (CET)

April 15, 2023 | finance.yahoo.com

Cathedral Energy Services (TSE:CET) shareholders have earned a 116% CAGR over the last three years

April 12, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd Wts flat on Thursday (CET-WT)

April 12, 2023 | theglobeandmail.com

Closing Bell: Cathedral Energy Services Ltd up on Tuesday (CET)

April 10, 2023 | msn.com

TFSA: 3 Top TSX Stocks for Your $6,500 Contribution

See More Headlines

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Company Calendar

Last Earnings: 3/26/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/09/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Drilling
Sub-Industry: N/A
Current Symbol: TSE:CET
CUSIP: N/A
CIK: N/A
Web: www.cathedralenergyservices.com
Phone: +1-403-2652560
Fax: N/A
Employees: 47,230
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$1.73
High Stock Price Target: C$2.25
Low Stock Price Target: C$1.30
Potential Upside/Downside: +103.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.04
Trailing P/E Ratio: 21.25
Forward P/E Ratio: 5.31
P/E Growth: -1.64
Net Income: C$10.63 million
Net Margins: 1.95%
Pretax Margin: N/A
Return on Equity: 6.38%
Return on Assets: 6.48%

Debt

Debt-to-Equity Ratio: 65.91
Current Ratio: 1.45
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: C$545.30 million
Price / Sales: 0.37
Cash Flow: C$0.03 per share
Price / Cash Flow: 32.86
Book Value: C$0.74 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 239,730,000
Free Float: N/A
Market Cap: C$203.77 million
Optionable: Not Optionable
Beta: 2.64

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Key Executives

Mr. Roderick Donald Maxwell C.A.
CPA, CA, CBV, Executive Chairman
Mr. Thomas J. Connors
President, CEO & Director
Mr. Randal H. Pustanyk
Co-Founder, Executive VP & Corporate Secretary
Mr. Fawzi Irani M.B.A.
P.Eng., Senior Vice President of U.S. Operations
Mr. W. Lee Harns
President of Altitude Energy Partners -US Operations
Mr. P. Scott MacFarlane
Interim Chief Financial Officer
Mr. Kevin Miller CA
Director of Finance & Accounting
Mr. David Diachok
Vice President of Sales
Mr. Michael James Hearn
Senior Vice President of Corporate Development

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CET Stock Analysis - Frequently Asked Questions

Should I buy or sell Cathedral Energy Services stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathedral Energy Services in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CET shares.
View CET analyst ratings or view top-rated stocks.
What is Cathedral Energy Services' stock price target for 2024?: 3 Wall Street analysts have issued twelve-month price targets for Cathedral Energy Services' stock. Their CET share price targets range from C$1.30 to C$2.25. On average, they expect the company's share price to reach C$1.73 in the next year. This suggests a possible upside of 94.8% from the stock's current price.
View analysts price targets for CET or view top-rated stocks among Wall Street analysts.
How have CET shares performed in 2024?: Cathedral Energy Services' stock was trading at C$0.70 on January 1st, 2024. Since then, CET shares have increased by 27.1% and is now trading at C$0.89.
View the best growth stocks for 2024 here.
When is Cathedral Energy Services' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CET earnings forecast.

How were Cathedral Energy Services' earnings last quarter?: Cathedral Energy Services Ltd. (TSE:CET) released its quarterly earnings data on Tuesday, March, 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.03. The business had revenue of $145.42 million for the quarter, compared to analysts' expectations of $131.67 million. Cathedral Energy Services had a trailing twelve-month return on equity of 6.38% and a net margin of 1.95%.
Is Cathedral Energy Services a good dividend stock?: Cathedral Energy Services (TSE:CET) pays an annual dividend of C$0.16 per share and currently has a dividend yield of 36.36%. CET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CET.
What other stocks do shareholders of Cathedral Energy Services own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cathedral Energy Services investors own include Kirkland Lake Gold (KL), Baytex Energy (BTE), Aurora Cannabis (ACB), Whitecap Resources (WCP), AltaGas (ALA), Alimentation Couche-Tard (ATD.B), Athabasca Oil (ATH), Bellatrix Exploration (BXE), General Electric (GE) and Obsidian Energy (OBE).
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.

This page (TSE:CET) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Cathedral Energy Services MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Cathedral Energy Services Stock (TSE:CET)

CET Stock Price History

CET Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CET Stock Analysis - Frequently Asked Questions

Overall MarketRank^™