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

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

ACT Energy Technologies Stock Down 0.5%

Shares of TSE ACX traded down C$0.03 during trading hours on Friday, hitting C$6.12. 39,416 shares of the stock were exchanged, compared to its average volume of 91,267. ACT Energy Technologies has a 12 month low of C$4.47 and a 12 month high of C$7.74. The firm has a fifty day moving average price of C$6.25 and a 200-day moving average price of C$6.42. The company has a market cap of C$235.91 million, a PE ratio of 17.00 and a beta of 0.09.

Analysts Set New Price Targets

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

About ACT Energy Technologies

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.