Research Analysts Issue Forecasts for PHX Energy Services Corp’s FY2018 Earnings (PHX)
PHX Energy Services Corp (TSE:PHX) – Analysts at Cormark issued their FY2018 earnings per share estimates for PHX Energy Services Corp in a research report issued to clients and investors on Monday. Cormark analyst J. Zhang forecasts that the firm will post earnings of ($0.02) per share for the year.
A number of other research analysts also recently issued reports on PHX. BMO Capital Markets increased their price objective on PHX Energy Services Corp from C$3.00 to C$3.25 in a report on Saturday, August 6th. AltaCorp Capital reiterated an “outperform” rating on shares of PHX Energy Services Corp in a report on Tuesday, June 7th. Finally, Scotiabank upgraded PHX Energy Services Corp from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$3.00 to C$4.00 in a report on Thursday, June 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. PHX Energy Services Corp currently has a consensus rating of “Buy” and an average target price of C$3.33.
PHX Energy Services Corp (TSE:PHX) traded up 5.25% during midday trading on Tuesday, reaching $4.01. The company had a trading volume of 27,264 shares. PHX Energy Services Corp has a 52-week low of $1.10 and a 52-week high of $4.03. The company’s 50-day moving average is $3.17 and its 200 day moving average is $2.78. The company’s market cap is $203.28 million.
PHX Energy Services Corp Company Profile
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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