PHX Energy Services Corp (PHX) Rating Reiterated by Scotiabank
PHX Energy Services Corp (TSE:PHX)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a research note issued to investors on Tuesday. They currently have a C$5.50 price objective on the stock. Scotiabank’s price target points to a potential upside of 50.68% from the stock’s current price.
Several other equities research analysts also recently weighed in on PHX. BMO Capital Markets increased their price target on PHX Energy Services Corp from C$3.00 to C$3.25 in a report on Saturday, August 6th. AltaCorp Capital increased their price target on PHX Energy Services Corp from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a report on Wednesday, September 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$3.50.
Shares of PHX Energy Services Corp (TSE:PHX) opened at 3.65 on Tuesday. The stock’s market cap is $185.61 million. The company has a 50 day moving average of $3.89 and a 200-day moving average of $3.11. PHX Energy Services Corp has a one year low of $1.10 and a one year high of $4.44.
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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