ValuEngine upgraded shares of PHI (NASDAQ:PHII) from a hold rating to a buy rating in a research note issued to investors on Friday.

PHI (PHII) remained flat at $$12.72 during trading hours on Friday. The company had a trading volume of 42 shares, compared to its average volume of 1,633. The company has a current ratio of 7.19, a quick ratio of 5.96 and a debt-to-equity ratio of 1.03. PHI has a fifty-two week low of $9.01 and a fifty-two week high of $19.05.

PHI (NASDAQ:PHII) last posted its earnings results on Friday, November 3rd. The energy producer reported ($0.21) EPS for the quarter. PHI had a negative return on equity of 6.61% and a negative net margin of 6.75%. The business had revenue of $150.17 million for the quarter.

An institutional investor recently bought a new position in PHI stock. Malaga Cove Capital LLC bought a new position in shares of PHI Inc. (NASDAQ:PHII) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 31,492 shares of the energy producer’s stock, valued at approximately $374,000. Malaga Cove Capital LLC owned 0.20% of PHI at the end of the most recent reporting period. 1.86% of the stock is owned by institutional investors.

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PHI Company Profile

PHI, Inc is engaged in transportation of personnel to, from, and among offshore platforms for customers engaged in the oil and gas exploration, development and production industry. The Company offers these services in various domestic and international markets. Most of its offshore flight operations are concentrated in the Gulf of Mexico.

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