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

PHX Energy Services Corp. (TSE:PHX) – Stock analysts at Atb Cap Markets boosted their Q3 2024 earnings estimates for PHX Energy Services in a research report issued 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.

Separately, ATB Capital decreased their price target on PHX Energy Services from C$12.25 to C$11.75 in a research note on Tuesday.

PHX Energy Services Stock Down 0.5 %

TSE:PHX opened at C$9.45 on Friday. The firm has a market capitalization of C$439.71 million, a PE ratio of 5.16 and a beta of 2.32. PHX Energy Services has a 52 week low of C$7.00 and a 52 week high of C$10.70. 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 has a 50 day moving average of C$9.67 and a 200-day moving average of C$9.41.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings data 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. PHX Energy Services had a net margin of 13.50% and a return on equity of 42.04%. The business had revenue of C$154.23 million during the quarter, compared to the consensus estimate of C$149.00 million.

Insider Buying and Selling

In other PHX Energy Services news, insider PHX Energy Services Corp acquired 60,600 shares of the stock in a transaction dated Saturday, August 31st. The shares were bought at an average price of C$10.17 per share, with a total value of C$616,350.48. In related news, insider PHX Energy Services Corp bought 60,600 shares of the business’s stock in a transaction dated 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 business’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 owned by corporate insiders.

PHX Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 8.47%. PHX Energy Services’s dividend payout ratio (DPR) is 43.72%.

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.