Posted by admin on May 12th, 2022
PHX Energy Services Corp. (OTCMKTS:PHXHF – Get Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 16,000 shares, a growth of 240.4% from the April 15th total of 4,700 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 9.4 days.
A number of research firms have recently issued reports on PHXHF. BMO Capital Markets upped their price target on PHX Energy Services from C$9.00 to C$9.50 in a research report on Thursday, May 5th. Stifel Nicolaus lowered their price objective on PHX Energy Services from C$9.75 to C$9.50 in a research report on Thursday, May 5th.
Shares of PHX Energy Services stock opened at $4.61 on Thursday. PHX Energy Services has a fifty-two week low of $3.05 and a fifty-two week high of $5.94. The stock has a 50 day moving average of $5.14 and a 200 day moving average of $4.27.
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.
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