What is Atb Cap Markets’ Forecast for TSE:PHX Q3 Earnings?

PHX Energy Services Corp. (TSE:PHX) – Investment analysts at Atb Cap Markets upped their Q3 2024 earnings per share (EPS) estimates for shares of PHX Energy Services in a report released on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.27. The consensus estimate for PHX Energy Services’ current full-year earnings is $1.24 per share.

PHX Energy Services (TSE:PHX) last announced its quarterly 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. PHX Energy Services had a return on equity of 42.04% and a net margin of 13.50%. The firm had revenue of C$154.23 million for the quarter, compared to analyst estimates of C$149.00 million.

Separately, ATB Capital cut their price objective on shares of PHX Energy Services from C$12.25 to C$11.75 in a report on Tuesday.

PHX Energy Services Trading Up 0.8 %

TSE PHX opened at C$9.53 on Friday. PHX Energy Services has a one year low of C$7.00 and a one year high of C$10.70. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.25 and a current ratio of 1.62. The company has a market capitalization of C$443.43 million, a price-to-earnings ratio of 5.21 and a beta of 2.32. The company’s 50-day simple moving average is C$9.66 and its two-hundred day simple moving average is C$9.42.

PHX Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 annualized dividend and a yield of 8.39%. PHX Energy Services’s dividend payout ratio (DPR) is presently 43.72%.

Insiders Place Their Bets

In other news, Senior Officer John Michael Hooks sold 58,300 shares of PHX Energy Services stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$9.16, for a total value of C$533,998.85. In other PHX Energy Services news, insider PHX Energy Services Corp bought 60,600 shares of PHX Energy Services stock in a transaction that occurred on Saturday, August 31st. The shares were bought at an average cost of C$10.17 per share, with a total value of C$616,350.48. Also, Senior Officer John Michael Hooks sold 58,300 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total value of C$533,998.85. 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.