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PHX Energy Services Corp. (TSE:PHX - Get Rating) - Stifel Firstegy boosted their FY2022 earnings estimates for shares of PHX Energy Services in a research report issued on Sunday, July 24th. Stifel Firstegy analyst C. Pereira now expects that the company will post earnings per share of $0.46 for the year, up from their previous forecast of $0.38. The consensus estimate for PHX Energy Services' current full-year earnings is $0.86 per share. Stifel Firstegy also issued estimates for PHX Energy Services' FY2023 earnings at $0.84 EPS.
PHX Energy Services (TSE:PHX - Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.13 by C($0.18). The firm had revenue of C$112.13 million for the quarter, compared to analysts' expectations of C$106.50 million.
Several other research analysts also recently weighed in on the stock. BMO Capital Markets upped their target price on shares of PHX Energy Services from C$9.00 to C$9.50 in a report on Thursday, May 5th. Stifel Nicolaus lowered their price target on shares of PHX Energy Services from C$9.75 to C$9.50 in a report on Thursday, May 5th.PHX Energy Services Trading Up 4.9 %
TSE:PHX opened at C$5.36 on Wednesday. The company has a debt-to-equity ratio of 28.95, a current ratio of 1.58 and a quick ratio of 1.10. The firm has a market capitalization of C$270.90 million and a price-to-earnings ratio of 20.62. PHX Energy Services has a one year low of C$3.94 and a one year high of C$7.50. The business has a fifty day moving average price of C$5.46 and a 200-day moving average price of C$5.83. Insider Buying and Selling
In other news, Senior Officer Michael Leslie Buker bought 10,000 shares of PHX Energy Services stock in a transaction that occurred on Friday, June 24th. The stock was bought at an average price of C$5.03 per share, for a total transaction of C$50,300.00. Following the purchase, the insider now directly owns 353,700 shares of the company's stock, valued at approximately C$1,779,111. In other news, Senior Officer Michael Leslie Buker purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, June 24th. The shares were bought at an average price of C$5.03 per share, for a total transaction of C$50,300.00. Following the completion of the transaction, the insider now owns 353,700 shares in the company, valued at C$1,779,111. Also, Director Lawrence M. Hibbard sold 17,872 shares of the business's stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of C$6.18, for a total value of C$110,448.96. Following the completion of the sale, the director now owns 151,601 shares of the company's stock, valued at C$936,894.18. In the last ninety days, insiders have acquired 34,800 shares of company stock worth $198,606 and have sold 107,900 shares worth $665,473. About PHX Energy Services (Get Rating)
PHX Energy Services Corp. 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, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.Featured ArticlesOne Reason to Be Bullish, One Reason to be Bearish After Walmart's Profit Warning 3 Mega Cap Tech Stocks to Mega ConsiderUpstart Stock Getting Attractive After an 82% Sell-OffThe Coca-Cola Company: Resilient In The Face Of Inflation 3 Large Caps With Bullish Chart Patterns
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