PHX Energy Services (TSE:PHX) Earns Sector Perform Rating from Atb Cap Markets

Atb Cap Markets reissued their sector perform rating on shares of PHX Energy Services (TSE:PHX) in a research report released on Monday, reports.

Several other research analysts also recently issued reports on PHX. Cormark boosted their price target on PHX Energy Services from C$1.25 to C$1.40 in a report on Friday, August 7th. BMO Capital Markets boosted their price target on PHX Energy Services from C$0.75 to C$1.25 in a report on Thursday, August 6th.

Shares of TSE:PHX opened at C$1.40 on Monday. The business’s 50 day simple moving average is C$1.26 and its 200-day simple moving average is C$1.11. The firm has a market capitalization of $74.55 million and a price-to-earnings ratio of -10.00. The company has a debt-to-equity ratio of 28.55, a current ratio of 2.86 and a quick ratio of 1.63. PHX Energy Services has a 12 month low of C$0.51 and a 12 month high of C$3.00.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.18) by C$0.09. The company had revenue of C$46.77 million for the quarter, compared to analyst estimates of C$41.00 million. On average, equities analysts anticipate that PHX Energy Services will post -0.23 earnings per share for the current year.

In other news, insider PHX Energy Services Corp acquired 2,239,600 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of C$1.40 per share, for a total transaction of C$3,135,440.00. Following the acquisition, the insider now directly owns 2,270,600 shares in the company, valued at approximately C$3,178,840.

PHX Energy Services Company Profile

PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, and Albania. It also offers Web-based remote electronic drilling recorder technology and services.

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