TSE:PHX FY2024 EPS Estimate Decreased by Atb Cap Markets

PHX Energy Services Corp. (TSE:PHX) – Analysts at Atb Cap Markets dropped their FY2024 EPS estimates for shares of PHX Energy Services in a report issued on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings of $1.10 per share for the year, down from their previous estimate of $1.11. 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’ Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.20 EPS, FY2025 earnings at $1.15 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.23 EPS, Q3 2026 earnings at $0.38 EPS and FY2027 earnings at $1.54 EPS.

Separately, ATB Capital lowered their target price on PHX Energy Services from C$11.75 to C$11.50 in a research report on Thursday, November 7th.

PHX Energy Services Price Performance

Shares of TSE PHX opened at C$9.47 on Thursday. The stock has a market capitalization of C$440.64 million, a PE ratio of 5.17 and a beta of 2.32. The business has a fifty day moving average price of C$9.64 and a two-hundred day moving average price of C$9.54. PHX Energy Services has a fifty-two week low of C$7.91 and a fifty-two week high of C$10.70. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.62 and a quick ratio of 1.25.

Insider Transactions at PHX Energy Services

In other PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$9.85, for a total value of C$492,250.00. Also, Senior Officer John Michael Hooks sold 58,300 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total transaction of C$533,998.85. 11.86% of the stock is owned by corporate insiders.

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.