Live Price Coverage: Does PHI Inc. Have Any Gas After Reaching 52 Week Low?

Live Price Coverage: Does PHI Inc. Have Any Gas After Reaching 52 Week Low?

The stock of PHI Inc. (NASDAQ:PHIIK) hit a new 52-week low and has $13.30 target or 12.00% below today’s $15.11 share price. The 6 months bearish chart indicates high risk for the $234.41 million company. The 1-year low was reported on Nov, 3 by If the $13.30 price target is reached, the company will be worth $28.13M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 36,351 shares traded hands or 13.59% up from the average. PHI Inc. (NASDAQ:PHIIK) has declined 17.51% since April 1, 2016 and is downtrending. It has underperformed by 18.72% the S&P500.

Analysts await PHI Inc. (NASDAQ:PHIIK) to report earnings on November, 4.

According to Zacks Investment Research, “Petroleum Helicopters Inc. provides helicopter transportation and related services worldwide to a broad range of customers including the oil and gas industry and aeromedical programs.”

More notable recent PHI Inc. (NASDAQ:PHIIK) news were published by: which released: “PHI Inc: Offshore Drilling Is Gone? No Problem” on September 09, 2016, also with their article: “PHI Inc.: Not Married To Oil” published on December 15, 2015, published: “PHI, Inc. Announces Results for the First Quarter Ended March 31, 2016” on May 09, 2016. More interesting news about PHI Inc. (NASDAQ:PHIIK) were released by: and their article: “PHI, Inc. Announces Results for the Second Quarter Ended June 30, 2016” published on August 05, 2016 as well as‘s news article titled: “PHI, Inc. Announces Results for the Year Ended December 31, 2015” with publication date: February 29, 2016.

PHIIK Company Profile

PHI, Inc., incorporated on August 24, 1994, is engaged in transportation of personnel to, from, and among offshore platforms for clients engaged in the gas and oil exploration, development and production industry. The Firm offers these services in various domestic and international markets. Most of its offshore flight activities are concentrated in the Gulf of Mexico. The Firm operates through three divisions: Oil and Gas, Air Medical, and Technical Services. The Firm also provides air medical transportation for hospitals and for emergency service agencies. In addition, it performs helicopter maintenance and repair services, primarily to existing clients that own their own aircraft. The Firm owns or operates approximately 265 aircraft domestically and internationally, of which, over 155 belongs to its Oil and Gas segment, over 104 belongs to Air Medical segment and over six are in to other operations. The Company’s principal clients are integrated energy companies and independent exploration and production companies. It also serves energy service companies, hospitals, medical programs, government agencies, and other aircraft owners and operators.

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