Cathedral Energy Services Ltd. (CET) EPS Estimated At $0.01; Palatin Technologies Has 2.21 Sentiment

April 17, 2018 - By Peter Erickson

Palatin Technologies, Inc. (NYSEAMERICAN:PTN) Logo

Palatin Technologies Inc (PTN) investors sentiment increased to 2.21 in 2017 Q4. It’s up 1.28, from 0.93 in 2017Q3. The ratio is positive, as 31 investment professionals increased and opened new positions, while 14 sold and reduced holdings in Palatin Technologies Inc. The investment professionals in our database now own: 18.04 million shares, up from 17.47 million shares in 2017Q3. Also, the number of investment professionals holding Palatin Technologies Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 6 Increased: 13 New Position: 18.

Analysts expect Cathedral Energy Services Ltd. (TSE:CET) to report $0.01 EPS on May, 10.They anticipate $0.02 EPS change or 66.67% from last quarter’s $0.03 EPS. T_CET’s profit would be $494,041 giving it 37.00 P/E if the $0.01 EPS is correct. After having $-0.01 EPS previously, Cathedral Energy Services Ltd.’s analysts see -200.00% EPS growth. The stock increased 1.37% or $0.02 during the last trading session, reaching $1.48. About 1,000 shares traded. Cathedral Energy Services Ltd. (TSE:CET) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Palatin Technologies, Inc., a biopharmaceutical company, develops targeted, receptor-specific peptide therapeutics for the treatment of various diseases in the United States. The company has market cap of $276.45 million. The companyÂ’s principal product is Bremelanotide, an as needed subcutaneous injectable peptide melanocortin receptor agonist, which is in the Phase III clinical studies for the treatment of premenopausal women with hypoactive sexual desire disorder . It has a 11.79 P/E ratio. The Company’s drug development programs also include melanocortin peptide system program, including PL-8177 is a selective melanocortin receptor 1 agonist peptide for inflammatory bowel diseases; and PL-8331, is a preclinical development candidate for treating ocular inflammation.

Analysts await Palatin Technologies, Inc. (NYSEAMERICAN:PTN) to report earnings on May, 15. They expect $-0.04 EPS, down 100.00% or $0.02 from last year’s $-0.02 per share. After $0.01 actual EPS reported by Palatin Technologies, Inc. for the previous quarter, Wall Street now forecasts -500.00% negative EPS growth.

The stock decreased 1.74% or $0.03 during the last trading session, reaching $1.41. About 3.76 million shares traded or 115.16% up from the average. Palatin Technologies, Inc. (PTN) has risen 230.50% since April 17, 2017 and is uptrending. It has outperformed by 218.95% the S&P500.

M Holdings Securities Inc. holds 0.29% of its portfolio in Palatin Technologies, Inc. for 11,230 shares. Highlander Capital Management Llc owns 50,000 shares or 0.03% of their US portfolio. Moreover, Virtu Financial Llc has 0.03% invested in the company for 632,045 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Pictet & Cie (Europe) Sa, a Luxembourg-based fund reported 62,000 shares.

Cathedral Energy Services Ltd. provides directional drilling services to oil and natural gas exploration and development entities in western Canada and the United States. The company has market cap of $73.12 million. It offers horizontal, directional, and underbalanced drilling services; and services through measurement while drilling systems, which are installed in the drill string to provide real time measurements of basic trajectory parameters, such as inclination, direction, tool-face, and temperature. It has a 740 P/E ratio. The firm also provides displacement drilling mud motors to drill without drill string rotation converting hydraulic energy into mechanical energy; drilling jars; and shock subs.

Among 3 analysts covering Cathedral Energy Services (TSE:CET), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Cathedral Energy Services had 6 analyst reports since August 17, 2015 according to SRatingsIntel. As per Wednesday, October 14, the company rating was downgraded by Altacorp. The company was downgraded on Friday, October 9 by Scotia Capital.

Palatin Technologies, Inc. (NYSEAMERICAN:PTN) Institutional Positions Chart

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