The stock of PHX Energy Services Corp (TSE:PHX) is a huge mover today! About 23,014 shares traded hands. PHX Energy Services Corp (TSE:PHX) has risen 88.02% since March 10, 2016 and is uptrending. It has outperformed by 82.41% the S&P500.
The move comes after 8 months negative chart setup for the $203.80M company. It was reported on Oct, 17 by Barchart.com. We have $3.47 PT which if reached, will make TSE:PHX worth $28.53M less.
PHX Energy Services Corp (TSE:PHX) Ratings Coverage
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. $5.50 is the highest target while $2.50 is the lowest. The $4.17 average target is 3.47% above today’s ($4.03) stock price. Phoenix Energy Services Corp has been the topic of 7 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Scotia Capital downgraded the shares of PHX in a report on Friday, October 9 to “Sector Underperform” rating. Scotia Capital maintained PHX Energy Services Corp (TSE:PHX) rating on Tuesday, August 30. Scotia Capital has “Outperform” rating and $4.50 price target.
More news for PHX Energy Services Corp (TSE:PHX) were recently published by: Marketwired.com, which released: “PHX Energy Services Corp. Enters Into Bought Deal Financing” on June 08, 2016. Marketwired.com‘s article titled: “PHX Energy Services Corp. Announces Officer Appointments” and published on March 17, 2015 is yet another important article.
PHX Energy Services Corp. is a Canada company, which provides horizontal and directional drilling technology and services. The company has a market cap of $203.80 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.
PHX Company Profile
Panhandle Oil and Gas Inc., incorporated on December 11, 1978, is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on its mineral and leasehold acreage. The Company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states. The Company’s oil, natural gas liquids (NGLs) and natural gas production is primarily from wells located in Arkansas, Oklahoma and Texas.
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