Cathedral Energy Services (CET) buy rating reiterated at Acumen Capital

Cathedral Energy Services (TSE:CET – Get an Assessment)The stock had its “buy” rating reiterated by analysts at Acumen Capital in a research report released on Tuesday, Stock Target Advisor reports. They currently have a price target of C$1.80 on the stock. Acumen Capital’s price target would point to a potential upside of 168.66% from the company’s previous close.

Several other research companies have also recently commented on the CET. Stifel Nicolaus set a target price of C$1.65 on Cathedral Energy Services and gave the stock a “buy” rating in a Thursday, September 22 research note. Stifel Firstegy reiterated a “buy” rating on shares of Cathedral Energy Services in a Wednesday, September 21 report.

Cathedral Energy Services Stock up 6.3%

CET stock traded at C$0.04 at midday Tuesday, hitting C$0.67. The company’s stock had a trading volume of 173,920 shares, compared to an average volume of 137,648. Cathedral Energy Services has a 52-week low of C$0.34 and a 52-week high of C$0.99 . The company has a 50-day simple moving average of CA$0.66 and a 200-day simple moving average of CA$0.69. The company has a quick ratio of 1.28, a current ratio of 1.77 and a debt ratio of 31.17. The company has a market capitalization of C$144.01 million and a P/E ratio of 68.00.

Insiders place their bets

In other news, senior officer Kevin Michael Miller sold 40,500 shares of the company in a trade that took place on Tuesday, August 16. The shares were sold at an average price of CA$0.70, for a total transaction of CA$28,350.00. Following the sale, the insider now owns 5,400 shares of the company, valued at C$3,780.

About Cathedral Energy Services

(Get an assessment)

Cathedral Energy Services Ltd., together with its subsidiary, Cathedral Energy Services Inc., provides directional drilling services to oil and gas companies in Western Canada and the United States. It provides directional drilling, motor rental, automated gamma, remote drilling, drilling optimization and well planning services.

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