TSE:PHX FY2025 EPS Estimate Reduced 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) - Equities research analysts at Atb Cap Markets lowered their FY2025 earnings per share (EPS) estimates for shares of PHX Energy Services in a research note issued to investors on Wednesday, August 6th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $1.12 per share for the year, down from their previous forecast of $1.31. The consensus estimate for PHX Energy Services' current full-year earnings is $1.24 per share.

Separately, ATB Capital dropped their price objective 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 note on Monday, May 5th.

PHX Energy Services Price Performance

PHX traded up C$0.20 during trading hours on Friday, hitting C$7.62. The company's stock had a trading volume of 80,286 shares, compared to its average volume of 90,320. The stock has a market cap of C$347.54 million, a price-to-earnings ratio of 4.79 and a beta of 2.32. The business's 50-day moving average price is C$8.27 and its 200-day moving average price is C$8.38. 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 12 month low of C$6.64 and a 12 month high of C$10.70.

Insider Activity at PHX Energy Services

In related news, Senior Officer John Michael Hooks sold 226,800 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of C$8.26, for a total transaction of C$1,873,458.72. Also, Director Garrett Wright purchased 3,850 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average price of C$7.94 per share, with a total value of C$30,557.45. Insiders have sold 1,295,300 shares of company stock worth $10,676,603 over the last three months. 11.86% of the stock is currently owned by insiders.

PHX Energy Services Company Profile

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.