Scotiabank Boosts PHX Energy Services Corp (PHX) Price Target to C$5.50
PHX Energy Services Corp (TSE:PHX) had its price objective upped by stock analysts at Scotiabank from C$4.50 to C$5.50 in a note issued to investors on Friday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 33.17% from the company’s previous close.
A number of other equities analysts also recently weighed in on PHX. BMO Capital Markets increased their price target on shares of PHX Energy Services Corp from C$3.00 to C$3.25 in a research note on Saturday, August 6th. AltaCorp Capital increased 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 research note on Wednesday, September 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$3.50.
Shares of PHX Energy Services Corp (TSE:PHX) traded up 0.73% during trading on Friday, hitting $4.16. 27,700 shares of the company were exchanged. The company’s 50-day moving average price is $3.24 and its 200 day moving average price is $2.80. The stock’s market cap is $210.89 million. PHX Energy Services Corp has a 12 month low of $1.10 and a 12 month 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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