PHX Energy Services (TSE:PHX) Given New C$10.50 Price Target at BMO Capital Markets

PHX Energy Services (TSE:PHX) had its price objective boosted by BMO Capital Markets from C$8.50 to C$10.50 in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

PHX Energy Services Stock Up 19.1%

Shares of PHX stock opened at C$10.90 on Wednesday. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.67 and a quick ratio of 1.25. PHX Energy Services has a one year low of C$6.64 and a one year high of C$11.23. The company’s fifty day moving average price is C$8.19 and its 200-day moving average price is C$7.77. The company has a market capitalization of C$492.44 million, a price-to-earnings ratio of 10.09 and a beta of 1.19.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings results on Tuesday, February 24th. The company reported C$0.35 earnings per share (EPS) for the quarter. The business had revenue of C$183.89 million during the quarter. PHX Energy Services had a return on equity of 34.01% and a net margin of 11.40%. Sell-side analysts expect that PHX Energy Services will post 1.2397516 EPS for the current fiscal 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.