Out of 3 analysts covering Phoenix Energy Services Corp (TSE:PHX), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $4.50 is the highest target while $2.50 is the lowest. The $3.83 average target is 12.98% above today’s ($3.39) stock price. Phoenix Energy Services Corp has been the topic of 6 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Below is a list of PHX Energy Services Corp (TSE:PHX) latest ratings and price target changes.
30/08/2016 Broker: Scotia Capital Rating: Outperform New Target: $4.50 Maintain
It is down 120.13% since February 5, 2016 and is uptrending. It has outperformed by 103.64% the S&P500.
PHX Energy Services Corp. is a Canada company, which provides horizontal and directional drilling technology and services. The company has a market cap of $178.71 million. The Firm offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia and Manitoba; across the Gulf Coast, Northeast and Rocky Mountain regions of the United States, and internationally, primarily in Albania and Russia. It currently has negative earnings. The Company’s divisions include Canada, United States and International.
The institutional sentiment decreased to 0.69 in 2016 Q2. Its down 0.38, from 1.07 in 2016Q1. The ratio is negative, as 9 funds sold all PHX Energy Services Corp shares owned while 27 reduced positions. 9 funds bought stakes while 16 increased positions. They now own 10.31 million shares or 24.56% more from 8.28 million shares in 2016Q1.
Trigran Investments Inc. holds 7% of its portfolio in PHX Energy Services Corp for 1.59 million shares. Robotti Robert owns 764,318 shares or 4.59% of their US portfolio. Moreover, Wedge Capital Management L L P Nc has 1.36% invested in the company for 1.95 million shares. The Iowa-based Pecaut & Co. has invested 1.05% in the stock. Alphaone Investment Services Llc, a Pennsylvania-based fund reported 154,136 shares.
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