Analyst Rating Update on This Canadian Energy Company


PHX Energy Services (TSX: PHX), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from GMP FirstEnergy’s analyst Ian Gillies, with a C$3.50 price target.

According to TipRanks.com, Gillies is ranked #4545 out of 4848 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PHX Energy Services with a C$3.63 average price target.

PHX Energy Services’ market cap is currently C$134.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.75.

PHX Energy Services Corp. is a public oil and natural gas services company, which engages in the provision of horizontal and directional technology and drilling services to oil and natural gas producing companies. It operates through the following geographical segments: Alberta, Saskatchewan, British Columbia, and Manitoba; Gulf Coast, Northeast and Rocky Mountain regions of the US; and Albania and Russia. Its technology include E-360 MWD System; P-360 Positive Pulse MWD System; 360 RWD System; 360 CV MWD System; Velocity Real-Time System; and Perforamnce Drilling Motors. The company was founded on October 8, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$2.31.

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