PHX Energy Services (TSE:PHX – Free Report) had its price target lowered by ATB Capital from C$12.25 to C$11.75 in a report issued on Tuesday, BayStreet.CA reports.
PHX Energy Services Stock Up 0.8 %
PHX stock opened at C$9.53 on Tuesday. The stock has a market cap of C$443.43 million, a P/E ratio of 5.21 and a beta of 2.32. 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 stock’s fifty day simple moving average is C$9.66 and its two-hundred day simple moving average is C$9.42. PHX Energy Services has a 1-year low of C$7.00 and a 1-year high of C$10.70.
PHX Energy Services (TSE:PHX – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported C$0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that PHX Energy Services will post 1.2397516 EPS for the current year.
PHX Energy Services Dividend Announcement
Insider Buying and Selling at PHX Energy Services
In other PHX Energy Services news, insider PHX Energy Services Corp bought 60,600 shares of PHX Energy Services stock in a transaction dated Saturday, August 31st. The stock was purchased at an average price of C$10.17 per share, for a total transaction of C$616,350.48. In related news, insider PHX Energy Services Corp bought 60,600 shares of PHX Energy Services stock in a transaction on Saturday, August 31st. The stock was acquired at an average price 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 stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total transaction of C$533,998.85. Insiders own 11.86% of the company’s stock.
About PHX Energy Services
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.
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