22-07-2025
Cathedral Energy Services (ACX) Gets a Buy from Raymond James
Raymond James analyst Michael Barth, CFA initiated coverage with a Buy rating on Cathedral Energy Services today and set a price target of C$9.00. The company's shares closed today at C$4.53.
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According to TipRanks, Barth, CFA is a 4-star analyst with an average return of 8.2% and a 64.15% success rate. Barth, CFA covers the Energy sector, focusing on stocks such as Imperial Oil, Gibson Energy, and Keyera Corp..
Currently, the analyst consensus on Cathedral Energy Services is a Moderate Buy with an average price target of C$9.00.
Based on Cathedral Energy Services' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$135.36 million and a net profit of C$7.25 million. In comparison, last year the company earned a revenue of C$164.96 million and had a net profit of C$11.58 million
Based on the recent corporate insider activity of 37 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.
