ACT Energy Technologies (TSE:ACX) Announces Quarterly Earnings Results

ACT Energy Technologies (TSE:ACX) issued its quarterly earnings results on Friday. The company reported C$0.06 EPS for the quarter, FiscalAI reports. The business had revenue of C$178.47 million during the quarter.

ACT Energy Technologies Stock Down 0.5%

TSE:ACX opened at C$6.12 on Friday. The stock has a fifty day simple moving average of C$6.23 and a 200 day simple moving average of C$6.42. The firm has a market capitalization of C$235.91 million, a price-to-earnings ratio of 17.00 and a beta of 0.09. ACT Energy Technologies has a 1-year low of C$4.47 and a 1-year high of C$7.74.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets increased their target price on shares of ACT Energy Technologies from C$9.25 to C$9.50 and gave the company an “outperform” rating in a research note on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$9.67.

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.