In a report released on December 19, from ATB Capital Markets maintained a Buy rating on Cathedral Energy Services, with a price target of C$6.50. The company’s shares closed last Friday at C$5.40.
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Currently, the analyst consensus on Cathedral Energy Services is a Moderate Buy with an average price target of C$6.75, representing a 25.00% upside. In a report released on December 11, TR | OpenAI – 4o also upgraded the stock to a Buy with a C$6.50 price target.
Based on Cathedral Energy Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$118.26 million and a net profit of C$15.15 million. In comparison, last year the company earned a revenue of C$148.45 million and had a net profit of C$26.18 million
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACX in relation to earlier this year.
