Phx Energy PT Raised to C$12.50 at Pi Financial (PHX)
Stock analysts at Pi Financial hoisted their price objective on shares of Phx Energy (TSE:PHX) from C$11.50 to C$12.50 in a report issued on Friday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Pi Financial’s price target suggests a potential upside of 1.63% from the stock’s previous close.
Phx Energy (TSE:PHX) traded up 2.28% during mid-day trading on Friday, hitting $12.58. 175,498 shares of the company’s stock traded hands. Phx Energy has a 1-year low of $8.33 and a 1-year high of $11.74. The stock has a 50-day moving average of $10.84 and a 200-day moving average of $10.19. The company has a price-to-earnings ratio of 21.58.
The company also recently declared a nov 13 dividend, which is scheduled for Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.07 per share.
A number of other firms have also recently commented on PHX. Analysts at RBC Capital raised their price target on shares of Phx Energy from C$12.00 to C$14.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Phx Energy from C$12.50 to C$14.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Seven analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of C$15.11.
PHX Energy Services Corp. (TSE:PHX), through its subsidiaries, provides directional and horizontal oil and natural gas well drilling services.
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