Atb Cap Markets Has Negative View of TSE:PHX FY2024 Earnings

PHX Energy Services Corp. (TSE:PHX) – Stock analysts at Atb Cap Markets dropped their FY2024 EPS estimates for shares of PHX Energy Services in a note issued to investors on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $1.11 for the year, down from their prior estimate of $1.16. The consensus estimate for PHX Energy Services’ current full-year earnings is $1.24 per share. Atb Cap Markets also issued estimates for PHX Energy Services’ Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.36 EPS and FY2026 earnings at $1.42 EPS.

Separately, ATB Capital decreased their price target on PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday.

PHX Energy Services Trading Down 0.6 %

PHX Energy Services stock opened at C$9.95 on Monday. PHX Energy Services has a one year low of C$7.91 and a one year high of C$10.70. The company’s fifty day moving average price is C$9.55 and its two-hundred day moving average price is C$9.44. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.62 and a quick ratio of 1.25. The company has a market capitalization of C$462.97 million, a price-to-earnings ratio of 5.44 and a beta of 2.32.

PHX Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date was Friday, September 27th. PHX Energy Services’s payout ratio is 43.72%.

Insider Buying and Selling

In other news, insider PHX Energy Services Corp bought 60,600 shares of the company’s stock in a transaction that occurred on Saturday, August 31st. The shares were purchased at an average price of C$10.17 per share, for a total transaction of C$616,350.48. In other news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$9.85, for a total transaction of C$492,250.00. Also, insider PHX Energy Services Corp acquired 60,600 shares of PHX Energy Services stock in a transaction dated Saturday, August 31st. The stock was acquired at an average cost of C$10.17 per share, with a total value of C$616,350.48. In the last three months, insiders sold 113,200 shares of company stock valued at $1,075,396. Company insiders own 11.86% of the company’s stock.

About PHX Energy Services

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.