FY2025 EPS Estimates for TSE:PHX Lowered by Atb Cap Markets

Key Points

• ATB Capital Markets has revised its FY2025 earnings per share forecast for PHX Energy Services from $1.31 to $1.12, with a consensus estimate now at $1.24 per share.
• The firm also lowered its target price for PHX Energy Services shares from C$12.00 to C$11.50 while maintaining an "outperform" rating.
• Insider trading activity includes Senior Officer John Michael Hooks selling 226,800 shares for approximately C$1.87 million, amid a trend of insiders selling a total of 1,298,300 shares valued at $10.69 million over the past 90 days.

PHX Energy Services Corp. (TSE:PHX - Free Report) - Stock analysts at Atb Cap Markets decreased their FY2025 earnings estimates for PHX Energy Services in a report released on Wednesday, August 6th. Atb Cap Markets analyst T. Monachello now forecasts that the company will earn $1.12 per share for the year, down from their prior estimate of $1.31. The consensus estimate for PHX Energy Services' current full-year earnings is $1.24 per share.

Separately, ATB Capital reduced their target price on shares of PHX Energy Services from C$12.00 to C$11.50 and set an "outperform" rating for the company in a research report on Monday, May 5th.

PHX Energy Services Price Performance

TSE:PHX traded down C$0.11 during trading hours on Friday, reaching C$7.60. 76,764 shares of the company were exchanged, compared to its average volume of 89,730. The stock's 50-day moving average is C$8.28 and its 200-day moving average is C$8.40. The firm has a market cap of C$346.63 million, a PE ratio of 4.78 and a beta of 2.32. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. PHX Energy Services has a twelve month low of C$6.64 and a twelve month high of C$10.70.

Insider Activity

In related news, Senior Officer John Michael Hooks sold 226,800 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of C$8.26, for a total transaction of C$1,873,458.72. Also, Director Garrett Wright acquired 3,850 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average price of C$7.94 per share, with a total value of C$30,557.45. Over the last 90 days, insiders have sold 1,298,300 shares of company stock valued at $10,693,800. 11.86% of the stock is owned by company insiders.

About PHX Energy Services

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.