PHI (NASDAQ:PHII) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Shares of PHI (NASDAQ:PHII) opened at $12.72 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.96 and a current ratio of 7.19. PHI has a 1 year low of $9.01 and a 1 year high of $19.05.

PHI (NASDAQ:PHII) last released its earnings results on Friday, November 3rd. The energy producer reported ($0.21) earnings per share for the quarter. The business had revenue of $150.17 million during the quarter. PHI had a negative return on equity of 6.61% and a negative net margin of 6.75%.

An institutional investor recently bought a new position in PHI stock. Malaga Cove Capital LLC acquired a new stake in shares of PHI Inc. (NASDAQ:PHII) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,492 shares of the energy producer’s stock, valued at approximately $374,000. Malaga Cove Capital LLC owned about 0.20% of PHI as of its most recent filing with the SEC. 1.86% of the stock is currently owned by institutional investors and hedge funds.

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PHI Company Profile

PHI, Inc is engaged in transportation of personnel to, from, and among offshore platforms for customers engaged in the oil and gas exploration, development and production industry. The Company offers these services in various domestic and international markets. Most of its offshore flight operations are concentrated in the Gulf of Mexico.

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