ENTREC (ENT) Price Target Cut to C$0.15

ENTREC (TSE:ENT) had its target price decreased by Canaccord Genuity from C$0.20 to C$0.15 in a report issued on Thursday morning.

Shares of ENT stock traded up C$0.01 on Thursday, reaching C$0.16. The stock had a trading volume of 31,000 shares, compared to its average volume of 32,510. ENTREC has a 1 year low of C$0.13 and a 1 year high of C$0.29. The company has a debt-to-equity ratio of 427.33, a quick ratio of 2.58 and a current ratio of 2.92.

ENTREC (TSE:ENT) last released its quarterly earnings results on Wednesday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.02) by C$0.01. The firm had revenue of C$43.40 million during the quarter. On average, sell-side analysts expect that ENTREC will post -0.0399999978666668 EPS for the current year.

In related news, Director Jason Neil Vandenberg bought 167,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were bought at an average cost of C$0.16 per share, with a total value of C$26,720.00.

About ENTREC

ENTREC Corporation, together with its subsidiaries, provides heavy haul transportation and crane solutions to the oil and natural gas, construction, petrochemical, mining, and power generation industries in Canada and the United States. The company operates from 13 locations throughout western Canada, North Dakota, Colorado, and Texas with a fleet of 200 cranes, 750 multi-wheeled trailers, and 190 tractors, as well as approximately 375 lines of specialized platform trailers.

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