ACT Energy Technologies (TSE:ACX)
TSX:ACX
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ACT Energy Technologies
(TSX:ACX)
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Rating:57Neutral
Price Target:
C$7.00
▲(16.67% Upside)
Action:Downgraded
Date:05/10/26
The score is held back primarily by weakening profitability/returns versus 2024 and a soft cash-flow trend, alongside bearish near-term technical momentum. These are partially offset by manageable leverage and a moderate P/E valuation.
Positive Factors
Very strong revenue growth
Near-term revenue surged ~191.7% TTM, indicating meaningful demand recovery and higher fleet/tool utilization. Durable because directional drilling and MWD services are tied to long lateral and complex-well trends, supporting sustained service intensity and contract opportunities.
Negative Factors
Material margin deterioration
Net margin compressing from ~10.1% to ~2.7% TTM materially reduces retained earnings and return on capital. If driven by pricing pressure, mix shift, or rising costs, this weakens sustainable profitability and makes future investment or dividend capacity more uncertain over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong revenue growth
Near-term revenue surged ~191.7% TTM, indicating meaningful demand recovery and higher fleet/tool utilization. Durable because directional drilling and MWD services are tied to long lateral and complex-well trends, supporting sustained service intensity and contract opportunities.
Read all positive factors
ACT Energy Technologies (ACX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$269.32M
Dividend YieldN/A
Average Volume (3M)28.12K
Price to Earnings (P/E)12.8
Beta (1Y)0.41
Revenue Growth-10.73%
EPS Growth-75.09%
CountryCA
Employees330
SectorEnergy
Sector Strength52
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)0.38
Shares Outstanding38,529,950
10 Day Avg. Volume29,419
30 Day Avg. Volume28,121
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.68
Price to Sales (P/S)0.35
P/FCF Ratio4.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$10.13Price Target Upside68.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.04
Revenue Forecast (FY)C$648.75M
ACT Energy Technologies Business Overview & Revenue Model
Company Description
ACT Energy Technologies Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gam...
How the Company Makes Money
Cathedral primarily makes money by providing oilfield services on a fee-for-service basis to exploration and production (E&P) companies and drilling contractors during the drilling phase of a well. Its main revenue stream is directional drilling s...
ACT Energy Technologies Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 484.03M | 474.93M | 571.78M | 545.30M | 319.01M | 62.52M |
| Gross Profit | 101.01M | 95.88M | 121.85M | 105.33M | 70.80M | -1.03M |
| EBITDA | 64.29M | 68.66M | 98.51M | 77.60M | 60.73M | 5.27M |
| Net Income | 13.18M | 15.58M | 57.91M | 10.63M | 18.35M | -8.63M |
Balance Sheet | ||||||
| Total Assets | 521.29M | 462.38M | 472.88M | 403.73M | 353.99M | 75.42M |
| Cash, Cash Equivalents and Short-Term Investments | 16.45M | 34.65M | 12.79M | 10.73M | 11.18M | 2.90M |
| Total Debt | 129.08M | 108.18M | 89.22M | 97.26M | 98.42M | 21.80M |
| Total Liabilities | 256.38M | 213.61M | 231.30M | 224.26M | 200.09M | 32.92M |
| Stockholders Equity | 264.91M | 248.77M | 241.58M | 179.47M | 153.90M | 42.50M |
Cash Flow | ||||||
| Free Cash Flow | 32.30M | 35.46M | 32.73M | 23.55M | 12.02M | -9.12M |
| Operating Cash Flow | 68.92M | 84.85M | 90.18M | 69.98M | 39.88M | -3.50M |
| Investing Cash Flow | -62.60M | -47.71M | -56.48M | -69.94M | -131.42M | 877.00K |
| Financing Cash Flow | -2.98M | -15.33M | -32.29M | -883.00K | 97.58M | 4.49M |
ACT Energy Technologies Technical Analysis
Positive
6.00
Price Trends
6.79
Positive
6.32
Positive
5.67
Positive
Market Momentum
0.13
Negative
56.40
Neutral
67.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ACX, the sentiment is Positive. The current price of 6 is below the 20-day moving average (MA) of 6.71, below the 50-day MA of 6.79, and above the 200-day MA of 5.67, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 56.40 is Neutral, neither overbought nor oversold. The STOCH value of 67.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ACX.
ACT Energy Technologies Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$177.36M | -14.79 | 1.56% | ― | -9.81% | -85.26% | |
66 Neutral | C$539.92M | 16.82 | 19.38% | 10.44% | 1.82% | -23.16% | |
65 Neutral | C$43.17M | 5.67 | 4.60% | ― | -5.37% | 145.24% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | C$101.72M | 15.34 | -2.38% | ― | -11.45% | -314.67% | |
57 Neutral | C$830.93M | -15.01 | -4.13% | ― | -4.09% | -238.21% | |
57 Neutral | C$269.32M | 12.80 | 5.29% | ― | -10.73% | -75.09% |
* Energy Sector Average
TSE:ACX
ACT Energy Technologies
6.99
2.09
42.65%
TSE:AKT.A
AKITA Drilling Ltd
4.60
2.66
137.11%
TSE:ESI
Ensign Energy Services
4.51
2.55
130.10%
TSE:SDI
Stampede Drilling Inc
0.22
0.07
46.67%
TSE:PHX
PHX Energy Services
11.90
4.60
62.95%
TSE:WRG
Western Energy Services
3.01
0.82
37.84%
ACT Energy Technologies Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
ACT Energy Expands U.S. Footprint With $47 Million SB Directional Acquisition
Positive
Apr 2, 2026
ACT Energy Technologies has completed the acquisition of U.S.-based SB Directional Services for approximately USD $47 million, paid through a mix of cash and share issuance, in a deal that significantly expands its U.S. footprint. To fund the purc...
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
ACT Energy Boosts Margins, Deleverages Balance Sheet as It Expands U.S. Footprint
Positive
Mar 25, 2026
ACT Energy Technologies reported 2025 revenue of $474.9 million, down from 2024, but improved its adjusted gross margin to 30% by replacing third-party rentals with internally supplied MWD systems and tightening its cost structure. Net income fell...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
ACT Energy to Acquire SB Directional Services in USD$47 Million U.S. Expansion Push
Positive
Mar 9, 2026
ACT Energy Technologies has moved to strengthen its position in the U.S. oilfield services market by agreeing to acquire SB Directional Services’ directional drilling business for USD$47 million in cash and shares. SB, founded in 2015 and ba...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.