Phx Energy Receives Sector Perform Rating from RBC Capital (PHX)
Phx Energy (TSE:PHX)‘s stock had its “sector perform” rating restated by equities researchers at RBC Capital in a research report issued on Friday, AnalystRatingsNetwork reports. They currently have a C$12.00 price target on the stock. RBC Capital’s target price would indicate a potential upside of 12.04% from the company’s current price.
Shares of Phx Energy (TSE:PHX) traded down 1.65% on Friday, hitting $10.71. The stock had a trading volume of 112,355 shares. Phx Energy has a 1-year low of $8.20 and a 1-year high of $11.74. The stock’s 50-day moving average is $10.9 and its 200-day moving average is $9.91. The company has a price-to-earnings ratio of 19.11.
The company also recently declared a sep 13 dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 26th.
A number of other analysts have also recently weighed in on PHX. Analysts at Pi Financial raised their price target on shares of Phx Energy (TSE:PHX) from C$11.25 to C$11.50 in a research note to investors on Monday, August 12th. Separately, analysts at Scotiabank raised their price target on shares of Phx Energy (TSE:PHX) from C$11.00 to C$12.50 in a research note to investors on Wednesday, July 24th. Finally, analysts at National Bank Financial raised their price target on shares of Phx Energy (TSE:PHX) from C$10.00 to C$11.50 in a research note to investors on Thursday, July 4th. They now have a “sector perform” rating on the stock. Five analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of C$14.46.
PHX Energy Services Corp. (TSE:PHX), through its subsidiaries, provides directional and horizontal oil and natural gas well drilling services.
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