Posted by admin on Jul 28th, 2022
PHX Energy Services Corp. (TSE:PHX – Get Rating) – Stifel Firstegy lifted their FY2022 earnings per share estimates for shares of PHX Energy Services in a report issued on Sunday, July 24th. Stifel Firstegy analyst C. Pereira now anticipates that the company will post earnings per share of $0.46 for the year, up from their previous forecast of $0.38. The consensus estimate for PHX Energy Services’ current full-year earnings is $0.86 per share. Stifel Firstegy also issued estimates for PHX Energy Services’ FY2023 earnings at $0.84 EPS.
PHX Energy Services (TSE:PHX – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.18). The business had revenue of C$112.13 million during the quarter, compared to analyst estimates of C$106.50 million.
Several other analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on PHX Energy Services from C$9.00 to C$9.50 in a research report on Thursday, May 5th. Stifel Nicolaus lowered their price objective on PHX Energy Services from C$9.75 to C$9.50 in a research report on Thursday, May 5th.
Shares of TSE PHX opened at C$5.40 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.10 and a debt-to-equity ratio of 28.95. The stock has a market capitalization of C$272.92 million and a PE ratio of 20.77. The stock’s fifty day simple moving average is C$5.44 and its two-hundred day simple moving average is C$5.83. PHX Energy Services has a 12-month low of C$3.94 and a 12-month high of C$7.50.
In other news, Senior Officer Craig Brown sold 60,000 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of C$6.20, for a total value of C$372,000.00. Following the completion of the sale, the insider now owns 551,033 shares of the company’s stock, valued at approximately C$3,416,404.60. In other PHX Energy Services news, Senior Officer Craig Brown sold 60,000 shares of PHX Energy Services stock in a transaction dated Friday, May 27th. The stock was sold at an average price of C$6.20, for a total transaction of C$372,000.00. Following the completion of the sale, the insider now owns 551,033 shares of the company’s stock, valued at approximately C$3,416,404.60. Also, Senior Officer Cameron Michael Ritchie sold 20,000 shares of PHX Energy Services stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of C$6.05, for a total value of C$121,000.00. Following the sale, the insider now directly owns 195,780 shares of the company’s stock, valued at approximately C$1,184,469. In the last quarter, insiders acquired 34,800 shares of company stock valued at $198,606 and sold 107,900 shares valued at $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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