What is Atb Cap Markets’ Estimate for TSE:PHX Q4 Earnings?

PHX Energy Services Corp. (TSE:PHX) – Analysts at Atb Cap Markets decreased their Q4 2024 earnings per share (EPS) estimates for PHX Energy Services in a research report issued on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $0.26 for the quarter, down from their prior estimate of $0.27. The consensus estimate for PHX Energy Services’ current full-year earnings is $1.24 per share. Atb Cap Markets also issued estimates for PHX Energy Services’ Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.21 EPS and FY2025 earnings at $1.23 EPS.

Separately, ATB Capital cut their price objective on shares of PHX Energy Services from C$11.75 to C$11.50 in a report on Thursday.

PHX Energy Services Trading Down 0.6 %

Shares of PHX Energy Services stock opened at C$9.95 on Friday. PHX Energy Services has a 52-week low of C$7.91 and a 52-week high of C$10.70. The stock has a market cap of C$462.97 million, a PE ratio of 5.44 and a beta of 2.32. The firm has a 50-day moving average of C$9.55 and a 200-day moving average of C$9.43. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.25 and a current ratio of 1.62.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.20 by C$0.06. The firm had revenue of C$154.23 million for the quarter, compared to analysts’ expectations of C$149.00 million. PHX Energy Services had a return on equity of 42.04% and a net margin of 13.50%.

PHX Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.04%. PHX Energy Services’s payout ratio is 43.72%.

Insider Transactions at PHX Energy Services

In related news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$9.85, for a total value of C$492,250.00. In other PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$9.85, for a total transaction of C$492,250.00. Also, Senior Officer John Michael Hooks sold 58,300 shares of the company’s stock in a transaction 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 the last three months, insiders have sold 113,200 shares of company stock valued at $1,075,396. 11.86% of the stock is 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.