ACT Energy Technologies (TSE:ACX) Price Target Raised to C$9.50 at ATB Cormark Capital Markets

ACT Energy Technologies (TSE:ACX) had its target price upped by ATB Cormark Capital Markets from C$9.25 to C$9.50 in a research note released on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

ACT Energy Technologies Trading Down 0.8%

TSE:ACX traded down C$0.05 on Friday, reaching C$6.00. 20,300 shares of the stock traded hands, compared to its average volume of 92,061. ACT Energy Technologies has a 1-year low of C$4.42 and a 1-year high of C$7.74. The company’s 50 day moving average is C$6.50 and its 200-day moving average is C$6.28. The firm has a market capitalization of C$231.28 million, a price-to-earnings ratio of 16.67 and a beta of 0.18.

ACT Energy Technologies (TSE:ACX) last issued its quarterly earnings results on Wednesday, March 25th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business had revenue of C$109.30 million during the quarter.

ACT Energy Technologies Company Profile

ACT Energy Technologies Ltd., headquartered in Calgary, Alberta, operates in Canada under the brand ‘Altitude Energy Partners’, and in the United States under the brands ‘Altitude Energy Partners’, ‘Discovery Downhole Services’, ‘Rime Downhole Technologies’ and ‘Stryker Directional’. ACT’s common shares trade on the Toronto Stock Exchange under the symbol ‘ACX’. ACT provides high-performance directional drilling services and downhole technologies to North American energy companies, delivering tailored solutions that improve drilling efficiency and reduce project costs.