PHX Energy Services (TSE:PHX) PT Lowered to C$11.75

PHX Energy Services (TSE:PHX) had its target price dropped by ATB Capital from C$12.25 to C$11.75 in a report released on Tuesday, BayStreet.CA reports. ATB Capital’s price target would indicate a potential upside of 23.68% from the company’s previous close.

PHX Energy Services Trading Down 2.0 %

TSE PHX opened at C$9.50 on Tuesday. PHX Energy Services has a 12 month low of C$7.00 and a 12 month high of C$10.70. The stock has a 50-day simple moving average of C$9.68 and a 200 day simple moving average of C$9.41. The company has a current ratio of 1.62, a quick ratio of 1.25 and a debt-to-equity ratio of 20.51. The company has a market capitalization of C$442.04 million, a PE ratio of 5.19 and a beta of 2.32.

PHX Energy Services (TSE:PHX) last issued its earnings results on Tuesday, August 6th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.06. The firm had revenue of C$154.23 million during the quarter, compared to the consensus estimate of C$149.00 million. PHX Energy Services had a net margin of 13.50% and a return on equity of 42.04%. Research analysts forecast that PHX Energy Services will post 1.2397516 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer John Michael Hooks sold 58,300 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total value of C$533,998.85. In other news, Senior Officer John Michael Hooks sold 58,300 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$9.16, for a total transaction of C$533,998.85. Also, Senior Officer Michael Leslie Buker sold 4,900 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total transaction of C$49,147.00. 11.86% of the stock is currently owned by corporate insiders.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.