Could PHX Energy Services Corp Decline After Today’s Huge Increase?

 Could PHX Energy Services Corp Decline After Today's Huge Increase?

The stock of PHX Energy Services Corp (TSE:PHX) is a huge mover today! About 10,806 shares traded hands. PHX Energy Services Corp (TSE:PHX) has risen 53.48% since April 11, 2016 and is uptrending. It has outperformed by 49.55% the S&P500.
The move comes after 9 months positive chart setup for the $184.43M company. It was reported on Nov, 15 by Barchart.com. We have $7.31 PT which if reached, will make TSE:PHX worth $177.05 million 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. Phoenix Energy Services Corp has been the topic of 7 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Scotia Capital downgraded PHX Energy Services Corp (TSE:PHX) on Friday, October 9 to “Sector Underperform” rating. The rating was maintained by Scotia Capital with “Outperform” on Tuesday, August 30.

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 $184.43 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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