PHX Energy Services Corp (TSE:PHX) had its target price hoisted by research analysts at Scotiabank from C$4.50 to C$5.50 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 33.17% from the company’s current price.

Other equities analysts have also issued reports about the stock. BMO Capital Markets lifted their price objective on shares of PHX Energy Services Corp from C$3.00 to C$3.25 in a report on Saturday, August 6th. AltaCorp Capital lifted their price target on shares of PHX Energy Services Corp from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a report on Wednesday, September 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$3.50.

Analyst Recommendations for PHX Energy Services Corp (TSE:PHX)

PHX Energy Services Corp (TSE:PHX) traded up 0.48% during midday trading on Friday, hitting $4.15. The stock had a trading volume of 32,100 shares. The firm’s market capitalization is $210.38 million. The firm has a 50-day moving average of $3.24 and a 200 day moving average of $2.80. PHX Energy Services Corp has a 52-week low of $1.10 and a 52-week high of $4.29.

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About PHX Energy Services Corp

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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