Cormark Weighs in on PHX Energy Services Corp’s FY2018 Earnings (PHX)
PHX Energy Services Corp (TSE:PHX) – Investment analysts at Cormark issued their FY2018 earnings per share estimates for shares of PHX Energy Services Corp in a research note issued to investors on Monday. Cormark analyst J. Zhang anticipates that the firm will post earnings of ($0.02) per share for the year.
Several other brokerages have also issued reports on PHX. Scotiabank raised PHX Energy Services Corp from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$3.00 to C$4.00 in a research report on Thursday, June 30th. BMO Capital Markets raised their target price on PHX Energy Services Corp from C$3.00 to C$3.25 in a research report on Saturday, August 6th. Finally, AltaCorp Capital raised their target price on PHX Energy Services Corp from C$3.50 to C$3.75 and gave the company an “outperform” rating in a research report on Wednesday, September 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$3.33.
PHX Energy Services Corp (TSE:PHX) traded up 3.80% during midday trading on Tuesday, reaching $4.10. 126,310 shares of the company’s stock traded hands. The stock has a 50-day moving average of $3.20 and a 200 day moving average of $2.79. PHX Energy Services Corp has a 52-week low of $1.10 and a 52-week high of $4.15. The company’s market cap is $207.85 million.
PHX Energy Services Corp Company Profile
PHX Energy Services Corp. is a Canada-based company, which provides horizontal and directional drilling technology and services. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia and Manitoba; across the Gulf Coast, Northeast and Rocky Mountain regions of the United States, and internationally, primarily in Albania and Russia.
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