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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PHX shares. BMO Capital Markets boosted their price target on shares of PHX Energy Services from C$9.50 to C$10.00 in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of PHX Energy Services from C$9.50 to C$11.00 in a report on Wednesday. Finally, ATB Capital boosted their price target on shares of PHX Energy Services from C$9.50 to C$11.50 in a report on Wednesday.

PHX Energy Services Trading Up 6.1 %

Shares of PHX Stock traded up C$0.38 during trading hours on Thursday, reaching C$6.63. 186,880 shares of the stock traded hands, compared to its average volume of 101,621. PHX Energy Services has a 1-year low of C$3.94 and a 1-year high of C$7.50. The business has a fifty day moving average price of C$5.31 and a 200 day moving average price of C$5.88. 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$335.09 million and a PE ratio of 29.91.

Insider Buying and Selling at PHX Energy Services

In related news, Senior Officer Michael Leslie Buker acquired 5,000 shares of the company's stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of C$6.13 per share, for a total transaction of C$30,650.00. Following the purchase, the insider now owns 313,700 shares in the company, valued at C$1,922,981. In related news, Senior Officer Michael Leslie Buker acquired 5,000 shares of the company's stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of C$6.13 per share, for a total transaction of C$30,650.00. Following the purchase, the insider now owns 313,700 shares in the company, valued at C$1,922,981. Also, Director Lawrence M. Hibbard sold 17,872 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 151,601 shares in the company, valued at approximately C$936,894.18. In the last quarter, insiders have purchased 24,800 shares of company stock worth $137,006 and have sold 107,900 shares worth $665,473.