PHX Energy Services Corp (TSE:PHX) – Cormark issued their FY2018 earnings estimates for shares of PHX Energy Services Corp in a note issued to investors on Monday. Cormark analyst J. Zhang anticipates that the firm will post earnings per share of ($0.02) for the year.
Other analysts have also recently issued research reports about the company. Scotiabank raised PHX Energy Services Corp from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$3.00 to C$4.00 in a research report on Thursday, June 30th. BMO Capital Markets increased their target price on PHX Energy Services Corp from C$3.00 to C$3.25 in a research report on Saturday, August 6th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of PHX Energy Services Corp in a research report on Tuesday, June 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$3.33.
PHX Energy Services Corp (TSE:PHX) traded up 1.62% on Tuesday, hitting $3.76. The stock had a trading volume of 15,625 shares. The company has a 50-day moving average price of $3.14 and a 200 day moving average price of $2.77. PHX Energy Services Corp has a 52-week low of $1.10 and a 52-week high of $3.85. The firm’s market cap is $190.61 million.
About PHX Energy Services Corp
PHX Energy Services Corp. is a Canada-based company, which provides horizontal and directional drilling technology and services. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia and Manitoba; across the Gulf Coast, Northeast and Rocky Mountain regions of the United States, and internationally, primarily in Albania and Russia.
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