PHX Energy Services - PHX Stock Forecast, Price & News

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. The company also provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole, as well as performance drilling motors. In addition, it provides survey management, gyro surveying, and directional drilling and motor rentals. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.

Wall Street Analyst Weigh In

PHX has been the topic of several research analyst reports. BMO Capital Markets increased their price target on PHX Energy Services from C$9.50 to C$10.00 in a report on Wednesday. ATB Capital increased their price target on PHX Energy Services from C$9.50 to C$11.50 in a report on Wednesday. Finally, Stifel Nicolaus increased their price objective on PHX Energy Services from C$9.50 to C$11.00 in a report on Wednesday.

PHX Energy Services Trading Up 16.3 %

Shares of PHX Stock traded up C$0.87 during trading on Wednesday, hitting C$6.22. 76,206 shares of the stock traded hands, compared to its average volume of 101,082. The firm has a market capitalization of C$314.37 million and a P/E ratio of 28.55. The company has a debt-to-equity ratio of 28.95, a current ratio of 1.58 and a quick ratio of 1.10. PHX Energy Services has a 52-week low of C$3.94 and a 52-week high of C$7.50. The firm's fifty day moving average price is C$5.31 and its 200-day moving average price is C$5.88.

Insider Buying and Selling at PHX Energy Services

In other PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 20,000 shares of the business's stock in a transaction on 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 transaction, the insider now owns 195,780 shares in the company, valued at C$1,184,469. In other PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 20,000 shares of the business's stock in a transaction on 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 transaction, the insider now owns 195,780 shares in the company, valued at C$1,184,469. Also, Senior Officer Michael Leslie Buker bought 10,000 shares of the stock in a transaction that occurred on Friday, June 24th. The shares were purchased at an average price of C$5.03 per share, with a total value of C$50,300.00. Following the purchase, the insider now owns 353,700 shares of the company's stock, valued at approximately C$1,779,111. Over the last quarter, insiders have bought 24,800 shares of company stock valued at $137,006 and have sold 107,900 shares valued at $665,473.