PHX Energy Services Corp. (TSE:PHX – Free Report) – Equities researchers at Atb Cap Markets reduced their Q3 2024 earnings per share (EPS) estimates for PHX Energy Services in a research note issued on Wednesday, August 7th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for PHX Energy Services’ current full-year earnings is $1.18 per share. Atb Cap Markets also issued estimates for PHX Energy Services’ Q4 2024 earnings at $0.27 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.37 EPS.
Separately, ATB Capital boosted their price objective on PHX Energy Services from C$11.75 to C$12.25 in a research note on Thursday.
Check Out Our Latest Report on PHX Energy Services
PHX Energy Services Price Performance
PHX Energy Services stock opened at C$9.93 on Monday. The company has a debt-to-equity ratio of 20.04, a quick ratio of 1.25 and a current ratio of 1.74. The firm has a market cap of C$471.58 million, a P/E ratio of 5.20 and a beta of 2.37. The business’s fifty day moving average is C$9.46 and its two-hundred day moving average is C$9.23. PHX Energy Services has a 52 week low of C$7.00 and a 52 week high of C$10.67.
PHX Energy Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.06%. PHX Energy Services’s payout ratio is currently 41.88%.
Insider Transactions at PHX Energy Services
In other news, insider PHX Energy Services Corp bought 317,600 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of C$8.74 per share, for a total transaction of C$2,775,824.00. In other news, Director Garrett Wright bought 3,700 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was bought at an average price of C$9.07 per share, for a total transaction of C$33,573.06. Also, insider PHX Energy Services Corp bought 317,600 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of C$8.74 per share, with a total value of C$2,775,824.00. 11.88% of the stock is currently owned by corporate insiders.
PHX Energy Services Company Profile
PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.
Further Reading
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