BMO Capital Markets Boosts PHX Energy Services (TSE:PHX) Price Target to C$10.50

PHX Energy Services (TSE:PHX) had its target price boosted by investment analysts at BMO Capital Markets from C$8.50 to C$10.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential downside of 10.56% from the company’s previous close.

PHX Energy Services Trading Up 7.7%

Shares of PHX stock opened at C$11.74 on Wednesday. PHX Energy Services has a 1-year low of C$6.64 and a 1-year high of C$11.98. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. The stock has a market cap of C$530.39 million, a price-to-earnings ratio of 10.87 and a beta of 1.19. The stock has a 50-day moving average of C$8.28 and a 200-day moving average of C$7.79.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Tuesday, February 24th. The company reported C$0.35 EPS for the quarter. The company had revenue of C$183.89 million for the quarter. PHX Energy Services had a return on equity of 34.01% and a net margin of 11.40%. On average, equities research analysts forecast that PHX Energy Services will post 1.2397516 earnings per share for the current year.

About PHX Energy Services

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia. The services provided by the company includes directional drilling and motor rentals, survey management, gyro surveying and stream services. Geographically, the company operates in Canada, United States, and International.