Could PHX Energy Services Corp See a Reversal After This Very Strong Session?

 Could PHX Energy Services Corp See a Reversal After This Very Strong Session?

The stock of PHX Energy Services Corp (TSE:PHX) is a huge mover today! About 64,486 shares traded hands. PHX Energy Services Corp (TSE:PHX) has risen 81.55% since March 29, 2016 and is uptrending. It has outperformed by 79.03% the S&P500.
The move comes after 9 months positive chart setup for the $195.79M company. It was reported on Nov, 2 by Barchart.com. We have $8.33 PT which if reached, will make TSE:PHX worth $231.03M more.

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 9.16% above today’s ($3.82) stock price. Phoenix Energy Services Corp has been the topic of 7 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The firm has “Sector Underperform” rating by Scotia Capital given on Friday, October 9. The rating was maintained by Scotia Capital on Tuesday, August 30 with “Outperform”.

Another recent and important PHX Energy Services Corp (TSE:PHX) news was published by Marketwired.com which published an article titled: “PHX Energy Services Corp. Enters Into Bought Deal Financing” on June 08, 2016.

PHX Energy Services Corp. is a Canada company, which provides horizontal and directional drilling technology and services. The company has a market cap of $195.79 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.

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