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PHX Energy Services Corp. (TSE:PHX – Get Rating) – Stifel Firstegy released its 2024 earnings forecast for PHX Energy Services shares in a research note published on Tuesday, January 17. Stifel Firstegy analyst C. Pereira expects the company’s annual earnings to be $1.69 per share. PHX Energy Services’ current consensus estimate for annual earnings is $1.46 per share.
PHX Energy Services (TSE:PHX – Get Rating) announced its final quarterly results on Monday, November 7th. The company reported his earnings per share (EPS) for the quarter of C$0.27, beating analysts’ consensus forecast of C$0.22 by C$0.05. The company’s earnings for the quarter he had C$142.42 million, while analyst estimates put him at C$143 million.
Several other research firms have also recently joined PHX. BMO Capital Markets raised its target price for PHX Energy Services from C$10.00 to C$12.00 in a research report on Tuesday, November 8th. Stifel Nicolaus raised his price target for PHX Energy Services from C$11.00 to C$12.50 in a report on Tuesday, November 8th.
PHX Energy Services stock up 6.1%
Shares of TSE PHX opened at C$8.32 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.80 and a debt to equity ratio of 36.00. The company has a market capitalization of C$422.71 million and a price/earnings ratio of 12.80. PHX Energy Services has a 52-week low of C$3.94 and a 52-week high of C$8.93. The company’s 50-day simple moving average is C$7.80 and its 200-day simple moving average is C$6.75.
Insider trading at PHX Energy Services
In other news, Senior Officer Craig Brown sold 83,700 shares of PHX Energy Services in a deal on Wednesday, November 30th. The shares sold for an average of $7.66 CAD for a total transaction value of $641,367.99 CAD. After the sale, the insider now owns his 479,633 shares in the company, worth his C$3,675,283.79. In related news, senior executive Craig Brown sold 83,700 shares of the company in a transaction that took place on Wednesday, November 30th. The shares sold for an average of $7.66 CAD for a total transaction value of $641,367.99 CAD. After the transaction, the insider now owns his 479,633 shares in the company, valued at around C$3,675,283.79. Senior Officer John Michael Hook also sold 113,159 shares of PHX Energy Services in a transaction that took place on Monday, November 21st. The shares sold at an average price of $8.03 CAD for a total of $908,666.77. After the transaction, the insider now directly owns his 5,214,795 shares in the company, valued at around C$41,874,803.85. The insider said that in the past 90 days he has sold 245,746 shares of company stock worth $1,934,030.
About PHX Energy Services
PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and gas exploration, development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers the Velocity Real-Time System, a breakthrough technology that provides a downhole guidance system. Atlas Motors, high performance drilling motors. PowerDrive Orbit RSS, a rotary steerable system. P-360 Positive Pulse MWD System, Measurement-While-Drilling (MWD) Tool. The E-360 EM MWD system is an MWD tool that transmits electrical signals through formations.
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