PHX Energy Services (TSX: PHX), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Ian Gillies from GMP FirstEnergy rated PHX Energy Services (TSX: PHX) a Buy, setting a C$5.50 price target.
According to TipRanks.com, Gillies is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.5% and a 32.6% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Trinidad Drilling, and Gibson Energy Inc.
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PHX Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$4.33.
PHX Energy Services’ market cap is currently C$163.2M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.90.
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 Thursday at C$3.09, close to its 52-week high of C$3.31.
