Stifel Nicolaus Trims PHX Energy Services (OTCMKTS:PHXHF) Target Price to C$9.50

PHX Energy Services (OTCMKTS:PHXHFGet Rating) had its target price decreased by Stifel Nicolaus from C$9.75 to C$9.50 in a report published on Thursday morning, The Fly reports.

Separately, BMO Capital Markets raised their price objective on shares of PHX Energy Services from C$6.50 to C$7.00 in a research report on Thursday, February 24th.

Shares of OTCMKTS:PHXHF opened at $5.24 on Thursday. The firm has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $4.25. PHX Energy Services has a one year low of $2.90 and a one year high of $5.94.

About PHX Energy Services (Get Rating)

PHX Energy Services Corp. provides horizontal and directional drilling technology 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 ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.

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