PHX Energy Services Corp. (TSE: PHX- Get a rating) – Stock analysts Stifel Firstegy cut their second-quarter 2022 earnings per share (EPS) estimates for PHX Energy Services shares in a research report released Wednesday, May 4. Stifel Firstegy analyst C. Pereira now expects the company to post earnings of $0.11 per share for the quarter, down from its previous forecast of $0.12. Stifel Firstegy also released estimates for PHX Energy Services’ earnings for fiscal year 2022 at $0.38 EPS. PHX Energy Services (TSE: PHX – Get a rating) last reported results on Wednesday, February 23. The company reported earnings per share (EPS) of C$0.17 for the quarter, beating consensus analyst estimates of C$0.13 by C$0.04. The company posted revenue of C$105.43 million for the quarter, compared to analyst estimates of C$99.00 million.
PHX has been the subject of a number of other reports. Stifel Nicolaus cut his price target on PHX Energy Services shares from C$9.75 to C$9.50 in a research note on Thursday. BMO Capital Markets raised its price target on shares of PHX Energy Services from C$9.00 to C$9.50 in a research note on Thursday.
Shares of TSE:PHX opened at C$6.54 on Monday. The company has a 50-day moving average of C$6.58 and a 200-day moving average of C$5.47. The company has a market capitalization of C$329.40 million and a P/E ratio of 14.86. PHX Energy Services has a 12-month low of C$3.44 and a 12-month high of C$7.50. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt ratio of 26.68.
In other news, senior officer Craig Brown sold 107,400 shares in a trade on Monday, March 21. The stock was sold at an average price of CA$6.15, for a total transaction of CA$660,767.76. Following the completion of the sale, the insider now owns 638,903 shares of the company, valued at approximately C$3,930,786.82. Additionally, Senior Officer Cameron Michael Ritchie sold 64,121 shares in a trade on Friday, March 18. The shares were sold at an average price of C$6.04, for a total value of C$387,419.08. Following the sale, the insider now owns 195,780 shares of the company, valued at approximately C$1,182,902.76. In the past ninety days, insiders have sold 279,962 shares of the company valued at $1,713,546.
PHX Energy Services Company Profile (Get a rating)
PHX Energy Services Corp. provides horizontal and directional drilling technologies and services to oil and natural gas exploration and development and production companies in Canada, the United States, Russia, Albania and the Middle East. It offers Velocity Real-Time System, a revolutionary technology that offers downhole guidance systems; Atlas Motors, a high performance drill motor; PowerDrive Orbit RSS, a rotating steerable system; P-360 Positive Pulse MWD System, a measurement-while-drilling (MWD) tool; and the E-360 EM MWD System, an MWD tool that transmits electrical signals through geological formations.
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