Posted by admin on Aug 12th, 2022
PHX Energy Services (TSE:PHX – Get Rating) had its target price hoisted by analysts at Stifel Nicolaus from C$9.50 to C$11.00 in a research note issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 67.43% from the stock’s previous close.
Separately, BMO Capital Markets raised their price objective on PHX Energy Services from C$9.00 to C$9.50 in a research note on Thursday, May 5th.
Shares of TSE:PHX opened at C$6.57 on Wednesday. PHX Energy Services has a 52-week low of C$3.94 and a 52-week high of C$7.50. The stock has a market cap of C$332.05 million and a price-to-earnings ratio of 29.86. The company has a quick ratio of 1.10, a current ratio of 1.58 and a debt-to-equity ratio of 28.95. The business has a 50-day moving average price of C$5.31 and a 200-day moving average price of C$5.90.
In related news, Director Lawrence M. Hibbard sold 17,872 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of C$6.18, for a total transaction of C$110,448.96. Following the sale, the director now directly owns 151,601 shares of the company’s stock, valued at C$936,894.18. In related news, Senior Officer Cameron Michael Ritchie sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of C$6.05, for a total transaction of C$121,000.00. Following the sale, the insider now directly owns 195,780 shares of the company’s stock, valued at C$1,184,469. Also, Director Lawrence M. Hibbard sold 17,872 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of C$6.18, for a total value of C$110,448.96. Following the sale, the director now directly owns 151,601 shares in the company, valued at C$936,894.18. Over the last three months, insiders bought 24,800 shares of company stock worth $137,006 and sold 107,900 shares worth $665,473.
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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