PHX Energy Services Corp. (TSE:PHX) to Post Q3 2022 Earnings of $0.24 Per Share, Stifel Firstegy Forecasts | MarketBeat

2022-08-13 03:07:33 By : Ms. Lizzy Zhang

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PHX Energy Services Corp. (TSE:PHX - Get Rating) - Equities researchers at Stifel Firstegy issued their Q3 2022 earnings per share (EPS) estimates for PHX Energy Services in a note issued to investors on Tuesday, August 9th. Stifel Firstegy analyst C. Pereira anticipates that the company will earn $0.24 per share for the quarter. The consensus estimate for PHX Energy Services' current full-year earnings is $0.90 per share. Stifel Firstegy also issued estimates for PHX Energy Services' Q4 2022 earnings at $0.26 EPS, FY2022 earnings at $0.42 EPS and FY2023 earnings at $1.04 EPS.

A number of other analysts have also commented on PHX. BMO Capital Markets boosted their price target on shares of PHX Energy Services from C$9.50 to C$10.00 in a research note on Wednesday. ATB Capital boosted their target price on shares of PHX Energy Services from C$9.50 to C$11.50 in a research report on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of PHX Energy Services from C$9.50 to C$11.00 in a research report on Wednesday.PHX Energy Services Price Performance

Shares of TSE:PHX opened at C$6.57 on Friday. PHX Energy Services has a twelve month low of C$3.94 and a twelve month high of C$7.50. The stock's 50 day moving average is C$5.31 and its 200-day moving average is C$5.90. The company has a quick ratio of 1.10, a current ratio of 1.58 and a debt-to-equity ratio of 28.95. The firm has a market capitalization of C$332.05 million and a price-to-earnings ratio of 29.86. Insider Buying and Selling

In other PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 20,000 shares of the firm's stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of C$6.05, for a total transaction of C$121,000.00. Following the transaction, the insider now directly owns 195,780 shares in the company, valued at approximately C$1,184,469. In other PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 20,000 shares of the company's stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of C$6.05, for a total value of C$121,000.00. Following the completion of the sale, the insider now directly owns 195,780 shares of the company's stock, valued at approximately C$1,184,469. Also, Director Lawrence M. Hibbard sold 17,872 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of C$6.18, for a total transaction of C$110,448.96. Following the completion of the sale, the director now owns 151,601 shares of the company's stock, valued at approximately C$936,894.18. Over the last 90 days, insiders purchased 24,800 shares of company stock worth $137,006 and sold 107,900 shares worth $665,473. PHX Energy Services Company Profile (Get Rating)

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.Featured ArticlesLook at Honeywell for a Steady and Diversified StockWhy Invest in High-Yield Dividend Stocks?Disney (NYSE: DIS) Shares Just Gave Investors A Massive SignalFind and Profitably Trade Stocks at 52-Week LowsSolar Stocks Shine Brightly After Passage Of Clean Energy Bill

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