PHX Energy Services (TSE:PHX) Given New C$11.75 Price Target at ATB Capital

by · The Markets Daily

PHX Energy Services (TSE:PHX – Free Report) had its price objective lowered by ATB Capital from C$12.25 to C$11.75 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

PHX Energy Services Trading Up 0.8 %

PHX opened at C$9.53 on Tuesday. PHX Energy Services has a twelve month low of C$7.00 and a twelve month high of C$10.70. The company has a fifty day moving average of C$9.66 and a 200-day moving average of C$9.42. The stock has a market cap of C$443.43 million, a PE ratio of 5.21 and a beta of 2.32. The company has a quick ratio of 1.25, a current ratio of 1.62 and a debt-to-equity ratio of 20.51.

PHX Energy Services (TSE:PHX – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported C$0.26 EPS for the quarter, topping 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 business had revenue of C$154.23 million during the quarter, compared to analysts’ expectations of C$149.00 million. On average, sell-side analysts predict that PHX Energy Services will post 1.2397516 EPS for the current year.

PHX Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 8.39%. PHX Energy Services’s payout ratio is presently 43.72%.

Insiders Place Their Bets

In other 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 bought at an average cost of C$10.17 per share, for a total transaction of C$616,350.48. In related news, insider PHX Energy Services Corp acquired 60,600 shares of the firm’s stock in a transaction on Saturday, August 31st. The stock was purchased at an average cost of C$10.17 per share, with a total value of C$616,350.48. Also, Senior Officer Michael Leslie Buker sold 4,900 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$10.03, for a total value of C$49,147.00. Corporate insiders own 11.86% of the company’s stock.

PHX Energy Services Company Profile

(Get Free Report)

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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