PHI (NASDAQ:PHII) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

PHI (NASDAQ:PHII) remained flat at $$12.72 on Friday. The company had a trading volume of 42 shares, compared to its average volume of 1,633. PHI has a 12-month low of $9.01 and a 12-month high of $19.05. The company has a debt-to-equity ratio of 1.03, a current ratio of 7.19 and a quick ratio of 5.96.

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

An institutional investor recently bought a new position in PHI stock. Malaga Cove Capital LLC purchased a new position in PHI Inc. (NASDAQ:PHII) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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. Hedge funds and other institutional investors own 1.86% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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